RSA Insurance Group PLC Update ahead of investor meetings (7479R)
September 25 2017 - 10:53AM
UK Regulatory
TIDMRSA
RNS Number : 7479R
RSA Insurance Group PLC
25 September 2017
RSA Insurance Group plc
25 September 2017
Update ahead of investor meetings
RSA will be meeting investors this week in connection with the
Bank of America Merrill Lynch Annual Financials Conference.
Trading results for the third quarter to date have been
positive, consistent with prior trends, across the Company with the
exception of the UK business segment. Here, catastrophe losses from
the US, Caribbean and Mexico will impact September results in the
marine and international portfolios. At present losses notified are
well below reinsurance limits though the final position will take
some weeks to emerge. Otherwise UK underlying results in the
quarter continue to reflect the challenges visible in H1, against
which underwriting actions are being taken.
RSA will publish its Q3 Trading Update on November 2nd.
- ENDS -
Enquiries:
Analysts Press
Rupert Taylor Rea Alice Hunt
Director of Investor Relations Director of External Communications
Tel: +44 (0) 20 7111 7140 Tel: +44 (0) 20 7111 7305
Laura de Mergelina Natalie Whitty
Investor Relations Manager Head of External Communications
Tel: +44 (0) 20 7111 7243 Tel: +44 (0) 20 7111 7213
Notes:
About RSA
With a 300 year heritage, RSA is a multinational quoted
insurance group. RSA operates three core business segments: UK
& International; Scandinavia; and Canada. It has the capability
to write business in over 100 countries. RSA has around 13,200
employees with net written premiums of GBP6.4 billion in 2016.
Important Disclaimer
This press release may contain 'forward-looking statements' with
respect to certain of the Group's plans and its current goals and
expectations relating to its future financial condition,
performance results, strategic initiatives and objectives.
Generally, words such as "may", "could", "will", "expect",
"intend", "estimate", "anticipate", "aim", "outlook", "believe",
"plan", "seek", "continue" or similar expressions identify
forward-looking statements. These forward-looking statements are
not guarantees of future performance. By their nature, all
forward-looking statements are inherently predictive and
speculative and involve risk and uncertainty because they relate to
future events and circumstances which are beyond the Group's
control, including amongst other things, UK domestic and global
economic business conditions, market-related risks such as
fluctuations in interest rates and exchange rates, the policies and
actions of regulatory authorities, the impact of competition,
inflation, deflation, the timing impact and other uncertainties of
future acquisitions or combinations within relevant industries, as
well as the impact of tax and other legislation or regulations in
the jurisdictions in which the Group and its affiliates operate. As
a result, the Group's actual future financial condition,
performance and results may differ materially from the plans, goals
and expectations set forth in the Group's forward-looking
statements. Forward-looking statements in this press release are
current only as of the date on which such statements are made. The
Group undertakes no obligation to update any forward-looking
statements, save in respect of any requirement under applicable law
or regulation. Nothing in this press release shall be construed as
a profit forecast.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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