RSA Insurance Group

RSA: 556.59 -1.00 (▼0.18%)

Delayed:2016-12-12 18:15:00
Bid Price 555.50 High Price 564.50
Ask Price 556.00 Low Price 552.50
Open Price 563.00 Spread 0.09%
Prev Close 556.00 Volume 2,990,313.00

RSA Insurance Group Share Price Chart


Historic – 1 year

RSA Insurance Group Share Price Information

Name RSA Insurance Group Epic RSA
Sector Nonlife Insurance ISIN GB00BKKMKR23
Activites RSA Insurance Group plc (formerly Royal & SunAlliance Insurance Group plc, formerly Sun Alliance Group plc) is one of the world’s leading multinational insurance groups. The focus is general (property & casualty) insurance. RSA has major operations in the UK, Scandinavia, Canada, Ireland, Asia, Central & Eastern Europe, Middle East and Latin America and has the capability to write business in around 140 countries. Security Type Equity

Key numbers

Latest Share Price (p) 556.00 Net Gearing (%) 71.66
Market Cap (£m) 5,591.18 Gross Gearing (%) 75.62
Shares in issue (m) 1,019.36 Debt Ratio 75.62
P/E Ratio 24.60 Debt-to-Equity Ratio 1.00
Divs per share (p) 10.50 Assets / Equity Ratio 4.10
Dividend Yield (%) 2.19 Price to book value 1.11
Dividend Cover 1.30 SROCE (%) 1.57
Earning per share (p) 22.30 EPS Growth (%) 259.68
52-week high / low (p) 581.75 / 371.00 DPS Growth (%) 425.00

RSA Insurance Group Broker Views

Date Broker Rec. Price Old target price New target price Notes
12 Dec Goldman Sachs Buy 556.59 635.00 Resumes
12 Dec Barclays Capital Overweight 556.59 572.00 597.00 Reiterates
23 Nov Macquarie Underperform 556.59 440.00 440.00 Reiterates
18 Nov HSBC Buy 556.59 Retains
08 Nov Barclays Capital Overweight 556.59 Reiterates

RSA Insurance Group Director Deals

Date Director Type Volume / Price Trade Value
04 Nov 2016 Isabel Hudson Buy 3718 @ 538.04p £20,004.14

RSA Insurance Group Company News

Broker Forecast – Goldman Sachs issues a broker note on RSA Insurance Group PLC

Goldman Sachs today reaffirms its buy investment rating on RSA Insurance Group PLC (LON:RSA) and set its price target at 635p.

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Broker Forecast – Barclays Capital issues a broker note on RSA Insurance Group PLC

Barclays Capital today reaffirms its overweight investment rating on RSA Insurance Group PLC (LON:RSA) and raised its price target to 597p (from 572p).

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Director Deals – RSA Insurance Group PLC (RSA)

Isabel Hudson, Non Executive Director, bought 3,718 shares in the company on the 3rd November 2016 at a price of 538.04p. The Director now holds 3,718 shares representing 0.00% of the shares in issue.

NOTE: Average price over two transactions.

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Broker Forecast – Panmure Gordon issues a broker note on RSA Insurance Group PLC

Panmure Gordon today downgrades its investment rating on RSA Insurance Group PLC (LON:RSA) to hold (from buy) and left its price target at 575p.

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RSA Insurance on track for FY op. earnings increases

RSA Insurance said that while Q4 can be a bumpy underwriting period, it is on track for strong operating earnings increases for 2016 overall.

CEO Stephen Hester said he was pleased with RSA’s continuing progress.

“Momentum in the business is excellent across the many improvements to customer service, underwriting effectiveness and cost efficiency we are driving through,” he said.

“Brexit provides us an attractive tailwind from overseas earnings translation, in the context of an otherwise challenging environment.

“While Q4 can be a bumpy underwriting period, RSA is on track for strong operating earnings increases for 2016 overall.”


– Profitability for Q3 YTD on underwriting, operating and after-tax measures is strong and ahead of our expectations.

– 2016 YTD attritional loss ratios continue to show attractive year-on-year improvement across all of our core regions.

– Q3 YTD weather event costs for the Core Group were £145m which represents 3.2% of net earned premiums (Q3 YTD 2015: 1.5%; planning assumption: c.3.0%). The overall Group weather ratio was 3.0% (Q3 YTD 2015: 1.7%).

– Large losses for the Core Group were £411m for Q3 YTD representing 9.0% of net earned premiums (Q3 YTD 2015: 8.3%; planning assumption c.8.5%). The overall Group large loss ratio was 8.4% (Q3 YTD 2015: 7.7%).

– Q3 YTD prior year profit emergence is better than plan, though likely to remain volatile on a quarterly basis.

– Expense reductions remain on track.

– Investment performance is in line with our most recent guidance for 2016 (of c.£350m of full year income and c.£60m of discount unwind).

– Below operating profits, Q3 movements were broadly as expected. There was the previously flagged one-off charge of £39m relating to the July debt buyback, and there were planned charges reflecting the progress of our cost/restructuring activities.

– Tangible equity at 30 September was £3,179m (30 June 2016: £3,324m, 31 December 2015: £2,838m) with net income, positive FX and mark-to-market movements, offset by negative pension fund movements (IAS 19 basis). Tangible net asset value per share was 312p.

– Solvency II capital surplus at 30 September 20161 was c.£1.0bn with coverage well within the upper part of our target range at 151% (30 June 2016: 158%, 31 December 2015: 143%). Coverage strengthened in October.

– The movement in Solvency II coverage was dominated by the impact of UK post-Brexit quantitative easing on the AA corporate bond spread which drives IAS 19 pension accounting. This was partly offset by positive movements from profits, FX and other mark-to-market values. The 30 September Solvency II position also includes the accrual of a ‘notional’ dividend for the third quarter.

– £200m subordinated debt retirement completed in July. We continue to evaluate further options to improve the quality of capital as well as exploring potential transactions involving our UK Legacy liabilities.

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