Royal & Sun Posts Higher Quarterly Profit

NU Online News Service, May 23, 3:59 p.m. EDT?Royal & Sun Alliance Insurance Group reported a 9.4-percent boost in its first-quarter net income, to 175 million pounds (U.S. $286 million), compared to the period a year ago, thanks to its stronger underwriting results.

Royal & Sun, the United Kingdom's second-biggest property-casualty insurer, said its first-quarter combined ratio improved by more than five percentage points, to reach 99 percent, compared to the 2002 first quarter.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.