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BRIEF-RSA Q3 weather losses include 50 mln stg for U.S., Caribbean catastrophes
2. November 2017 / 07:09 / in 23 Tagen

BRIEF-RSA Q3 weather losses include 50 mln stg for U.S., Caribbean catastrophes

Nov 2 (Reuters) - Rsa Insurance Group Plc

* Q3 trading statement

* ‍group premium income up 8% ytd (3% at constant exchange)​

* ‍ytd group net written premiums of £5,077m at q3 2017 are up 8% 1 as reported, and up 3% 1 at constant fx rates, versus q3 2016​

* ‍eps ytd is ahead of 2016 though held back by q3 underwriting results​

* ‍underwriting results for scandinavia, canada, ireland and middle east ytd are ahead of 2016 and our plans overall, continuing h1 trends​

* ‍uk reported results have been impacted by us/caribbean hurricane costs as well as continuing adverse household and large loss experience​

* ‍overall group underwriting results are therefore slightly weaker than prior year​

* ‍weather losses in q3 include a provision of £50m against us & caribbean cat events​

* ‍we expect this provision to increase somewhat​

* ‍tangible shareholders’ equity 1 at 30 september 2017 was £2,810m (30 june 2017: £2,790m) and tangible net asset value per share was 275p​ Source text for Eikon: Further company coverage:

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