RSA in Ireland posts a €2.23m profit for half-year

The Irish arm of British insurer RSA posted a £2m (€2.23m) profit for the first half of the year, while shares in the overall group eased following a lower-than- expected dividend payment.

RSA in Ireland posts a €2.23m profit for half-year

The Irish arm saw net premiums rise 1% to £152m in the six months to the end of June, compared with a £1m loss in the same period of 2016. And RSA reiterated it is targeting full-year profitability in Ireland for the whole of 2017.

The RSA Group posted an operating profit of £360m (€402m) with strong performances in Scandinavia and Canada, but shares dropped more than 2% as the interim dividend was below the forecast. However, the shares which fell slightly, are 11% up this year.

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