Insurance Firm's Profits Up

Daily PostMay 13, 2005

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Summary


LIVERPOOL-BASED insurance group Royal & Sun Alliance yesterday reported firstquarter profits far exceeding City analysts' expectations.

The firm said its operating profit for the first three months of 2005 was pounds 160m - far higher than the average analysts' forecast of pounds 118m RSA, which operates the More Than brand, said pretax profits totalled pounds 122m for the period, compared with pounds 44m a year earlier.

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Insurance Firm's Profits Up

The improvement was led by its core markets of the UK, Scandinavia and Canada an...

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