RSA INSURANCE GROUP PLC (RSA)

This year’s meeting was held at 200 Aldersgate near St Paul’s. The highlights are taken from an Annual Report beautifully produced but almost impossible to interpret, including sixteen pages of gobbledegook masquerading as a directors’ remuneration report. Insurers do not work with simple figures like turnover and profits, but RSA gave out a headline 5% increase in Net Written Premiums, being 3% growth as reported (using the figures of £8,353m and £8,138m I make that 2.64%). The other important figures are: Combined ...