LONDON (dpa-AFX) - RSA Insurance Group Plc (RSA.L) Thursday released the Interim Management Statement for the first quarter of 2012, stating that Net Written Premiums for the first quarter of 2012 increased 5 percent to 2.2 billion pounds, aided by good growth in all the regions.
The insurance company stated that the 5 percent increase in Net Written Premium written over the corresponding quarter in 2011 comprises of a 4 percent growth in premiums and another 1 percent increase in volumes.
The company further added that total net written premiums, including associates, were up by 5 percent to 2.3 billion pounds in the first quarter of 2012.
Growth has been led by Emerging Markets, which has again been driven by an excellent performance in Latin America, and good performances in Personal lines in Canada and Scandinavia and Commercial lines in the UK.
Looking ahead for the full year 2012, the company reiterated that it is confident of delivering good premium growth, a COR of better than 95% and investment income of around 500 million pounds.
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© 2012 AFX News
