The company said, in the UK & Ireland, Storms Eleanor and Emma – the latter known as the 'Beast from the East' – cost it an estimated £47mln pre-tax. First-half profits at RSA Insurance fell by 15% to £304m ($390m) from £360m the year before. RSA blamed the fall on a drop in net written premiums alongside additional costs deriving from adverse weather in the UK and Canada, with the latter pushing up costs to £53m above the five-year average. The company said it was "disappointed" that its results were lower than expected but added that there had been "a significant improvement across all business segments" since last year. 47m in pre-tax profits.
First-half profits at RSA Insurance fell by 15% to £304m ($390m) from £360m the year before. RSA blamed the fall on a drop in net written premiums alongside additional costs deriving from adverse weather in the UK and Canada, with the latter pushing up costs to £53m above the five-year average. The company said it was "disappointed" that its results were lower than expected but added that there had been "a significant improvement across all business segments" since last year. 47m in pre-tax profits.