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RSA gives bullish outlook, beats consensus

25 February 2010

RSA, the UK’s largest commercial insurer, said Thursday that 2009 pre-tax profit slumped by 27%, but remained confident of “delivering excellent results” despite continued economic uncertainties.

Read more: RSA Andy Haste outlook profit 2009

RSA, the UK’s largest commercial insurer, said Thursday that 2009 pre-tax profit slumped by 27%, but remained confident of “delivering excellent results” despite continued economic uncertainties. 

RSA posted profit before tax of £554m ($847m), down from £759m. Greig Paterson, analyst at Keefe, Bruyette & Woods, said the result was “well ahead...


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