RSA Insurance : Update ahead of investor meetings

RSA Insurance Group plc

25 September 2017

Update ahead of investor meetings

RSA will be meeting investors this week in connection with the Bank of America Merrill Lynch Annual Financials Conference.

Trading results for the third quarter to date have been positive, consistent with prior trends, across the Company with the exception of the UK business segment. Here, catastrophe losses from the US, Caribbean and Mexico will impact September results in the marine and international portfolios. At present losses notified are well below reinsurance limits though the final position will take some weeks to emerge. Otherwise UK underlying results in the quarter continue to reflect the challenges visible in H1, against which underwriting actions are being taken.

RSA will publish its Q3 Trading Update on November 2nd.

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About RSA

With a 300 year heritage, RSA is a multinational quoted insurance group. RSA operates three core business segments: UK & International; Scandinavia; and Canada. It has the capability to write business in over 100 countries. RSA has around 13,200 employees with net written premiums of £6.4 billion in 2016.

Important Disclaimer

This press release may contain 'forward-looking statements' with respect to certain of the Group's plans and its current goals and expectations relating to its future financial condition, performance results, strategic initiatives and objectives. Generally, words such as 'may', 'could', 'will', 'expect', 'intend', 'estimate', 'anticipate', 'aim', 'outlook', 'believe', 'plan', 'seek', 'continue' or similar expressions identify forward-looking statements. These forward-looking statements are not guarantees of future performance. By their nature, all forward-looking statements are inherently predictive and speculative and involve risk and uncertainty because they relate to future events and circumstances which are beyond the Group's control, including amongst other things, UK domestic and global economic business conditions, market-related risks such as fluctuations in interest rates and exchange rates, the policies and actions of regulatory authorities, the impact of competition, inflation, deflation, the timing impact and other uncertainties of future acquisitions or combinations within relevant industries, as well as the impact of tax and other legislation or regulations in the jurisdictions in which the Group and its affiliates operate. As a result, the Group's actual future financial condition, performance and results may differ materially from the plans, goals and expectations set forth in the Group's forward-looking statements. Forward-looking statements in this press release are current only as of the date on which such statements are made. The Group undertakes no obligation to update any forward-looking statements, save in respect of any requirement under applicable law or regulation. Nothing in this press release shall be construed as a profit forecast.