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British Airways-owner IAG posts an almighty EUR6.9 billion loss, Pets at Home raises its guidance again, Rightmove sells more properties than its rivals but sees profits plunge, and Jupiter Fund Management reaps the rewards of acquiring Merian Global Investors.
British insurer RSA's 2020 operating profit rose 15% to 751 million pounds ($1.05 billion), it said on Friday, ahead of an anticipated takeover by Denmark's Tryg and Canada's Intact Financial.
26 February 2021 | 08:06am StockMarketWire.com - RSA Insurance Group said underwriting profit rose 36% in 2020 to £550 million, its fourth record underwriting result in five years. The group said statutory profit before tax fell 2% to £483 million last year, driven by market impacts from Covid-19, bid costs, exits and restructuring. The group business operating result rose 15% to £751 million. The estimated net impact of Covid-19 from premiums, claims and investment income effects was a £42 million drag on the business operating result. The recommended bid for RSA by Intact in consortium ...
Profits have fallen at RSA Insurance as it prepares to be broken up and sold. The UK group said profits in 2020 fell 2 per cent to £483million, blaming costs related to a restructure and Covid-19. Boss Stephen Hester said the results were 'excellent' but shares remained virtually unmoved yesterday at 675.4p. 'Excellent': The UK group said profits in 2020 fell 2 per cent to £483m, blaming costs related to a restructure and Covid-19 Last month investors voted in favour of the £7.2billion bid from Intact, a Canadian insurance firm, and Denmark's Tryg. RELATED ARTICLES
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