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'

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.

Looks a Lousy chart leading up to Ex divi day, just an observation chaps.

Maybe a bit early - but just added here @112.1. Hmmmmmmm

Just had my contract note through - I actually bought at 111.839 - which is nice!

Last time it was this low was late 2005. Tempted at 110p.

Harry it was lower last week!

Really? *ugger, missed it! Presumably that was immediately ex-divi?

Ex dividend last Wednesday - so I have that for both recent purchases.

The low was 109.20.

Worth having a butchers at this one... RSA, looks like we could have a breakout from the down trend channel..........

Gone long on stock. Chart above.

Looks a good move Goldfinger, the chart does look positive.
Regretably I am unable to follow your move in RSA being fully invested and quite heavy in AVIVA. Hopefully sentiment is changing for the insurers then we will both do well.

I'm still in these for my sins - waiting for a break above 118p

That shouldn't be long skinny, you will have had a few divis to make up the 4p I would think.

Hi opto - yes my average is @119.15 and as you say I've had a dividend. I bought a few Insurers in the sell off and, as you know I'm loaded with AV.

Reluctant to rise today - trading update tomorrow!!

Interim Management Statement.

RSA Interim Management Statement

Quarter 3 2011: Continued strong top line momentum and financial position

Net written premiums of 6.1bn up by 11% with all regions delivering good growth

Rating action and recent deals and acquisitions continue to drive the top line forward

IGD surplus of 1.3bn; coverage remains strong at 2.0 times

Net asset value per share including IAS 19 of 101p compared with 106p at 30 June 20111

Continue to expect to deliver a combined operating ratio (COR) of better than 95% in 2011

Overview

Premium momentum remains strong, with net written premiums for the nine months to
30 September 2011 of 6,132m, an increase of 11% (9% at constant exchange) over the same period in 2010.

International net written premiums of 2,992m up 13% (9% at constant exchange)2
UK net written premiums of 2,318m up 7%2

Emerging Markets net written premiums of 800m up 17% (17% at constant exchange)2
Indian associate net written premiums of 106m up 26% (29% at constant exchange)

RSA: AlphaValue: Buy TP raised from 138.30p to 145.30p.