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RSA Insurance Group PLC (RSA)

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Breelander
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RSA Insurance Group PLC (RSA)

#204505

Postby Breelander » February 28th, 2019, 9:43 am

2018 PRELIMINARY RESULTS
RSA Insurance Group plc - 28 February 2019

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

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Re: RSA Insurance Group PLC (RSA)

#241020

Postby Breelander » August 1st, 2019, 11:56 am

2019 Interim Results

Solid first half results, underwriting actions 'on track'
· Current year underwriting profit up 70%

Excluding exit portfolios1:
· Group underwriting profit £181m
· Group combined ratio 94.3%; underlying EPS 21p per share
· UK & International region underwriting profit £86m; combined ratio 94.0%

Statutory profit before tax £227m, impacted by exits and non-operating charges

Interim dividend 7.5p per share, up 3% vs. H1 2018
https://www.investegate.co.uk/rsa-ins-g ... 700214673H

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Re: RSA Insurance Group PLC (RSA)

#262810

Postby Steveam » November 7th, 2019, 3:32 pm

A very satisfactory trading update.

https://www.rsagroup.com/news/press-rel ... ng-update/

Best wishes,

Steve

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Re: RSA Insurance Group PLC (RSA)

#287023

Postby Breelander » February 27th, 2020, 7:32 am

2019 PRELIMINARY RESULTS

· Total Group profits up on all measures
· Record current year underwriting profit, up by £229m
Excluding exit portfolios1:
· Group underwriting profit £405m, combined ratio 93.6%
· Underlying EPS 44.5p per share, return on tangible equity 16.0%
· UK & International region underwriting profit £144m; combined ratio 95.0%
Statutory profit before tax £ 492 m, impacted by exits and other charges
Dividends 23.1 p per share, up 10% (final dividend 15.6p)
https://www.investegate.co.uk/rsa-ins-g ... 00082691E/

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Re: RSA Insurance Group PLC (RSA)

#287068

Postby Steveam » February 27th, 2020, 10:40 am

Very good. They are also increasing the dividend target to 50-60%.

Dates:

Announcement date: 27 February 2020

Ex-dividend date: 5 March 2020

Record date: 6 March 2020

Dividend payment date: 14 May 2020

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RSA resumes dividend

#340390

Postby vrdiver » September 15th, 2020, 11:31 am

From their RNS:
RSA will now resume ordinary dividend payments, with payment of the delayed interim dividend for this year which we have set at 8p per ordinary share (2019: 7.5p).

VRD

https://www.londonstockexchange.com/new ... e/14686589

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Re: RSA resumes dividend

#340392

Postby dealtn » September 15th, 2020, 11:50 am

https://www.investegate.co.uk/rsa-ins-g ... 20200553Z/

I really don't like it when companies "sneak" out trading updates as part of an RNS on something else. Particularly when the market is already open. It's not good form, but at least this wasn't hiding bad news.

In this case the main news is clarification on the cost of (potential) Covid insurance claims, which don't look significant. Increased costs offset elsewhere (and potentially by reinsurance).

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Re: RSA Insurance Group PLC (RSA)

#340545

Postby Steveam » September 16th, 2020, 8:04 am

I can’t find a date for when they’ll pay the delayed interim of 8p.
Perhaps I’m being dim but any help appreciated.

Best wishes,

Steve

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Re: RSA resumes dividend

#340548

Postby Dod101 » September 16th, 2020, 8:18 am

dealtn wrote:https://www.investegate.co.uk/rsa-ins-grp--rsa-/rns/statement-re-judgment-reached-on-fca-bi-court-case/202009151120200553Z/

I really don't like it when companies "sneak" out trading updates as part of an RNS on something else. Particularly when the market is already open. It's not good form, but at least this wasn't hiding bad news.

In this case the main news is clarification on the cost of (potential) Covid insurance claims, which don't look significant. Increased costs offset elsewhere (and potentially by reinsurance).


I do not think that the RNS was 'sneaking' anything out. It was a swift update of the effect of the judgement on the business interruption case recently determined and giving shareholders an update on its effect. At the same time they gave a brief update of their third quarter trading and the all important news of the payment of the cdelayed interim dividend, but obviously they did not have time to set dates for that yet. If I were a holder I would regard that as good news all round. Can't please some people it seems.

I do not hold.

Dod

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Re: RSA resumes dividend

#340597

Postby dealtn » September 16th, 2020, 11:35 am

Dod101 wrote: Can't please some people it seems.



It is accepted good practice that an RNS that contains potentially market moving information is released outside of the trading hours of the market where such securities are listed. Exceptions are where securities are listed in multiple locations. Hence why you see so many RNSs released at 7am, with those past 8am being non-trading updates such as Director deals, announcements about dates, price monitoring extension etc. Similarly you will see announcements released in the hour before the US markets open.

If a RNS is released in market hours that also contains market information it is appropriate to ensure the heading alludes to such.

TEN did a similar thing to RSA last week with a trading update added to the bottom of an RNS announcing the new Chief Executive. Many didn't pick up on this until others had, with the market price having moved, approaching 10%, at the market open.

I doubt I am alone in preferring the following of existing conventions.

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Re: RSA Insurance Group PLC (RSA)

#340599

Postby dealtn » September 16th, 2020, 11:43 am

Steveam wrote:I can’t find a date for when they’ll pay the delayed interim of 8p.
Perhaps I’m being dim but any help appreciated.

Best wishes,

Steve


It seems you need to refer to the RNS. I have already said it wasn't satisfactory.

At the bottom are 3 notes. These are usually points of reference that are signalled in the body of the text. Note 1 was.

Notes 2 and 3 weren't but are respectively.

2) The record date for this interim ordinary dividend will be 13 November 2020 and payment date will be 4 December 2020.

3) We also reiterate our continued intention to catch up on the 2019 final dividend payment (which was withdrawn in April) on the basis set out in our 2020 half year report.

Note 3 is perhaps (for some) at least as significant as the news on the missing 8p interim.

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Re: RSA Insurance Group PLC (RSA)

#353839

Postby Breelander » November 5th, 2020, 5:21 pm

RSA confirms takeover approach...

https://www.investegate.co.uk/rsa-ins-g ... 42534357E/

The Board of RSA Insurance Group plc ("RSA" or "the Company") notes the recent media speculation regarding the possibility of an offer for the entire issued share capital of the Company and confirms that on 2 October 2020 it received a proposal from Intact Financial Corporation ("Intact") and Tryg A/S ("Tryg") (together, the "Consortium") regarding a possible offer for the Company ("the Proposal"). This may or may not lead to an offer being made for RSA.



The Proposal comprises 685 pence in cash per RSA share, plus payment by RSA of the announced interim dividend of 8 pence per share (the "Interim Dividend").

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Re: RSA Insurance Group PLC (RSA)

#353851

Postby dealtn » November 5th, 2020, 5:31 pm

Breelander wrote:RSA confirms takeover approach...

The Board of RSA Insurance Group plc ("RSA" or "the Company") ...confirms that on 2 October 2020 it received a proposal from Intact Financial Corporation ("Intact") and Tryg A/S ("Tryg") (together, the "Consortium") regarding a possible offer for the Company ("the Proposal"). This may or may not lead to an offer being made for RSA.



The Proposal comprises 685 pence in cash per RSA share, plus ...


Quite impressed that the Offer was made over a month ago, and no leaks and a stable share price, and no obvious insider activity.

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Re: RSA Insurance Group PLC (RSA)

#353862

Postby GrahamPlatt » November 5th, 2020, 6:02 pm

Ah well, that will help to reduce my overweighting of insurers.

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Re: RSA Insurance Group PLC (RSA)

#353958

Postby idpickering » November 6th, 2020, 7:05 am

Further statement regarding proposal

Here; https://www.investegate.co.uk/rsa-ins-g ... 00024475E/

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Re: RSA Insurance Group PLC (RSA)

#353991

Postby bluedonkey » November 6th, 2020, 9:11 am

I've just sold my RSA holdings which I bought back in the early days of HYP. It was a useful opportunity to continue with my objective of reducing individual shareholdings and increase my collectives. At present the proceeds are sitting in cash. Despite a recent nibble at MYI at 920p, my cash holding is still unusually large for me at about 9%.

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Re: RSA Insurance Group PLC (RSA)

#355032

Postby vrdiver » November 9th, 2020, 9:45 pm

RSA closed tonight at 649p. With a takeover offer of 685p I'm wondering if the market thinks it likely to fail, hence the lower market price?

I didn't see any reference to an expected timetable for the takeover, so maybe its lack is also acting on the price?

VRD

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Re: RSA Insurance Group PLC (RSA)

#355033

Postby Dod101 » November 9th, 2020, 9:53 pm

vrdiver wrote:RSA closed tonight at 649p. With a takeover offer of 685p I'm wondering if the market thinks it likely to fail, hence the lower market price?

I didn't see any reference to an expected timetable for the takeover, so maybe its lack is also acting on the price?

VRD


The takeover is far from a done deal. In any case all that the RSA directors said, as far as I know was that 'they were minded to recommend the offer'. Then there are regulators and so on to get past.

Dod

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Re: RSA Insurance Group PLC (RSA)

#357764

Postby Breelander » November 18th, 2020, 2:24 pm

Recommended Cash Offer for RSA Insurance Group Plc

Under the terms of the Acquisition, RSA Shareholders will be entitled to receive:

For each RSA Share


685 pence in cash

(the "Cash Consideration")

· In addition, RSA Shareholders will continue to be entitled to receive the Interim Dividend of 8 pence per RSA Share announced on 15 September 2020 and to be paid in December 2020.

https://www.investegate.co.uk/rsa-ins-g ... 700096965F

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Re: RSA Insurance Group PLC (RSA)

#410159

Postby Steveam » May 7th, 2021, 9:33 pm

Update and likely timetable.

https://www.rsagroup.com/media/twrj4d4w ... itions.pdf

Best wishes,

Steve


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