The 2013 full year preliminary results for RSA Insurance Group plc was announced 27 February 2014.


"3 FOR 8 RIGHTS ISSUE AT 56 PENCE PER NEW ORDINARY SHARE
Further to the announcement on 27 February of its preliminary results for the year ended 31 December 2013, RSA Insurance Group plc ("RSA" or the “Company”) today announces the launch of a rights issue to raise £773 million in proceeds (£748 million net of expenses) (the “Rights Issue”). The Rights Issue is a fully underwritten 3 for 8 rights issue of 1,380,976,863 ordinary shares of 27.5 pence each in the capital of the Company at a price of 56 pence per New Ordinary Share.
The Issue Price of 56 pence per New Ordinary Share represents a discount of approximately 40% to the closing price of 93.4 pence on 24 March 2014 (being the last business day prior to the release of this announcement) and a 32.7% discount to the theoretical ex-rights price based on the closing price on 24 March 2014."

(thanks to skinny for this article)


Bottom chart 'fast stochastic'

The last time RSA reached 160p was July 2003, if we go above 160p the next resistance is 260p.Wouldn't that be nice.

Yup! :-)

Have every Tom , Dick and Harry piling in soon :-)

Now that would be great Dil, but I've got that gut feeling that RSA is going places with or without the small PI's (like me) and I don't think we will have long to wait!

Best news so far this week:

Royal & Sun Alliance
Royal & SunAlliance - Michigan Circuit Court Dismisses GM Complaint

Royal & Sun Alliance Insurance Group plc welcomes the ruling of the Michigan
Circuit Court that General Motors (GM) is not entitled to coverage for its
asbestos and environmental liabilities.

The Court's decision to dismiss the complaint against Royal & SunAlliance USA
confirms R&SA's long-held resolve that GM's claim was without foundation.

She just keeps rolling along.

I added a few more this week.

Trying to break out again.

no activity on this for a while, despite hte volatility of the markets at the mo, do you think RSA has hit the bottom and we are finally due for up-side? A bit of activity here 2day - due to sharecast below only or is there something else in it?

Date: Friday 03 Aug 2007

LONDON (ShareCast) - Insurer Royal & Sun Alliance has added ground following a JP Morgan upgrade to 'overweight' from 'neutral' ahead of next weeks interim results.

The move also reflects the 19% upside to the brokers 155p price target who believes the fall in the share price in line with the market is unjustified.

Well folks I left these in the hgh 160's. Have been intending going back in all the way down to here.
Still resisting as I feel the flood damage costs and the very competitive motor insurance market is going to take its toll on this years final results. The interims shouldn't be affect by the floods but will they should give an indication as to the potential damage to the year end figures.
Now I've said that, of course it will rise! LOL
Good luck current holders.

i think the fall here looks badly overcooked, so with a downside of no more than about 10p and an upside of considerably more, have decided it's no bad time to get on board .... if next week's figures are good, the sp will move ahead anyway and if they are bad (or even good for that matter), then it may bring a predator out of the woodwork

Yep, I agree.

RSA ahead of consensus
MoneyAM
Royal & Sun Alliance, the UK insurer, today reported a fall in first half operating profit.

Profit dropped to 403m from 416m this time last year.

The result beat analysts' expectations of a fall in profit to 352m, according to a consensus forecast supplied by the company.

Pretax profit for the first half of the year to June 30th also fell, dropping to 338m from 346m this time last year.

The insurer added that net written premiums rose to 2.992bn, up 6% from 2.833bn in the first half of last year.

Underwriting profit fell to 16m to 144m from 171m in the first half of last year due to weather-related claims. However, the fall also beat analysts expectations of a 32% fall to 115m.

Combined operating ratio also grew to 93.3%, up from 91.7% in the first half of last year. The insurer added that it expects a combined operating ratio of around 96% in the full year.

RSA said it expects UK flood losses of 65m in July, and reiterated its forecast for June flood losses of 55m.

There was a boost for shareholders as RSA raised the interim dividend to 2.48p per share, up from 1.75p per share this time last year.

Andy Haste, RSA's CEO, said the outlook for the group 'remains positive.'

'We will continue to deliver the profitable performance that we have seen over the last few years,' he added in a statement.

The UK insurer said that it will reduce headcount by 700 people, including 500 in the UK, as part of its move to further reduce expenses by mid-2008.

'We are working with the unions to make sure that most of these will be via attrition,' said Andy Haste.
Good start for the day.

yum, yum! ....... chart below speaks for itself!! ....... probably asking a lot for 50 dma to be breached today, and 200 dma at about 157 could pose more of a hurdle, but having bought only yesterday at 134.5, am not exactly complaining.

RSA is looking good again.

can any chartists confirm that a golden cross has been formed, and that a golden cross is usually a [chartist's] precursor to a good run upwards.

regards
Alex

RSAover the last few years has looked good to me Full years results Thursday 25 FebruaryI have a feeling they are going to look even better?not long to find outGroup Chief Executive Andy Haste is very well respected and has stated his loyalty to one of the world's leading insurance groups

One year down the line - Final Results.

24 February 2011

YEAR END RESULTS 2010

Strong performance despite extreme weather conditions

Net written premiums of 7.5bn up 11%
Combined operating ratio (COR) of 96.4%, includes 3.5 points of weather losses worse than normal levels
Operating result of 636m
IGD surplus of 1.5bn, representing coverage of 2.3x
Final dividend up 7% to 5.70p, giving a full year dividend increase of 7%
Delivery against strategic objectives

Driven profitable top line growth in all regions due to rate, targeted volume increases and acquisitions
Emerging Markets beats 1bn net written premium target
Indian associate continues to grow strongly, with NWP up by 35% to 116m
Acquisitions in Canada, Ireland, Sweden, Denmark and Oman and Tesco affinity in UK operational from October
Completed UK cost reduction programme generating 70m of annualised savings
Confident of delivering premium growth and strong profitability

Portfolio of high performing businesses with strong market positions and exciting potential
Deliver targeted growth and a much improved underwriting result in the UK in 2011
International 2011 NWP growth to be around 10% with continued strong profitability
Emerging Markets to drive double digit growth in 2011
Combined operating ratio for 2011 expected to be better than 95%
Emerging Markets NWP to double to around 2.2bn by the end of 2015
International and Emerging Markets to represent around 70% of premiums in the next five years

Just bought some @127.3 ex dividend next week.

I already have these in an ISA. They seem solid enough to me. They won't shoot out the lights and I don't see why the price has flatlined for so long.