LONDON (dpa-AFX) - RSA Insurance Group plc (RSA.L, RSAB.L, RSANY.PK) announced Thursday a higher 2011 pretax profit of 613 million pounds compared to last year's 474 million pounds. Earnings per share went up to 11.8 pence from 9.7 pence. Operating earnings were 14.2 pence per share this year and 10.7 pence per share a year ago.
Net written premiums climbed to 8.14 billion pounds from 7.46 billion pounds. The company noted that renewals contributed 4 percent of the growth while 2010 deals brought in another 5 percent. Reduced volumes in UK Personal Motor, however, offset the benefit to revenues from foreign exchange.
The company's Board also recommended a 2 percent raise in final dividend to 5.82 pence per share from 5.70 pence per share, thus taking total dividend to 9.16 pence per share from 8.82 pence per share.
Copyright RTT News/dpa-AFX
