Corporate News

R&SA Group announced interim results for 2006

Royal & SunAlliance announced Group interim results on 10 August 2006. Again they demonstrate a strong performance from the Core Group:

Strong Half Year

• Core Group net written premiums of £2.8 bil up 2% on 2005
• Combined operating ratio (COR) of 91.7% - 1.1 points better than 2005
• Operating result of £409 mil up 24% on 2005
• Profit before disposals and pension scheme changes increased by 41% to £333 mil
• Profit after tax of £238 mil up 22% on 2005
• Shareholders' funds increased by 6% to £2.9 bil

Delivery Against Strategic Objectives

• Strong performance from all Core businesses
• Building top line momentum - new business across Core Group up 21% on 1H 2005
• Achieved target of £270 mil expense savings ahead of schedule
• Initiatives underway to deliver an additional £130 mil of annualised savings by mid 2008
• US derisking continues - insurance result of £6 mil and moved to single regulator

Full report can be downloaded here:

http://www.royalsunalliance.com/royalsun/uploads/press/Q2pressreleaseFinalheaded.pdf