RSA Insurance Group plc, Final Results

[Breelander]

RSA is a founder-member of pyad's HYP1 (and mine too)....

RSA Insurance Group plc - 28 February 2019

Pre-tax profit £480m, up 7%. Dividends 21p per share, up 7% (final dividend 13.7p)

Underlying results down, driven by higher weather costs and large loss challenges in Commercial Lines; especially London Market business

Extensive underwriting action underway, including portfolio exits announced in 2018

Underlying EPS 34.1p (2017: 43.5p), but c.42p proforma for portfolio exits and reinsurance additions

Underlying return on tangible equity 12.6% (2017: 15.5%) versus 13-17% target range

.....

Announcement date 28 February 2019
Ex-dividend date 7 March 2019
Record date 8 March 2019
Dividend payment date 17 May 2019

https://www.investegate.co.uk/rsa-ins-g ... 00183538R/

[blobby]

I too hold RSA, but they are not currently an HYP candidate.

The results are disappointing (but not disastrous) and as the CEO Stephen Hester says, they need to do better next year. Down 4% in the market today and not a bargain at the moment.

[AJC5001]

I too hold RSA, but they are not currently an HYP candidate.

The results are disappointing (but not disastrous) and as the CEO Stephen Hester says, they need to do better next year. Down 4% in the market today and not a bargain at the moment.

"but they are not currently an HYP candidate"

Based on what?

Adrian

[IanTHughes]

I too hold RSA, but they are not currently an HYP candidate.

The results are disappointing (but not disastrous) and as the CEO Stephen Hester says, they need to do better next year. Down 4% in the market today and not a bargain at the moment.

"but they are not currently an HYP candidate"

Based on what?

Based on there being many higher yields available. There are 4 or 5 in the same Business Sector, let alone all the others.



Ian

[tjh290633]

I too hold RSA, but they are not currently an HYP candidate.

The results are disappointing (but not disastrous) and as the CEO Stephen Hester says, they need to do better next year. Down 4% in the market today and not a bargain at the moment.

"but they are not currently an HYP candidate"

Based on what?

Adrian

I see that I dumped RSA in 2014, after they had reduced the final dividend, then the interim and failed to pay a final for they year to Dec 2013. Two years of reducing dividends was enough. It had taken long enough for the dividend to climb from the level when they cut back in 2002, after selling their life side.

I think that they still have a year to go before they reach that 5 year mark.

TJH

[ADrunkenMarcus]

RSA's long term historical performance (going back to the 1990s) is horrific. It's been a serial dividend cutter and inorganic capital raiser.

Best wishes

Mark.

[kempiejon]

RSA's long term historical performance (going back to the 1990s) is horrific. It's been a serial dividend cutter and inorganic capital raiser.

Best wishes

Mark.

yup, right horror story. Aviva pretty poor too.

[blobby]

RSA's long term historical performance (going back to the 1990s) is horrific. It's been a serial dividend cutter and inorganic capital raiser.

If I listened to Stephen Hester correctly, RSA has a historical performance going back 300 years, but I'm not sure where you would find the financial records for most of that. It's a good sign if the price drops into range.

https://www.rsagroup.com/news/press-rel ... statement/

I'm a fan of Stephen Hester who has been CEO for 5 years now and this is why I'm invested, however as it is not HYP invest-able at the moment I'm straying off topic for this board.