Share Name Share Symbol Market Type Share ISIN Share Description
Rsa Insurance Group Plc LSE:RSA London Ordinary Share GB00BKKMKR23 ORD GBP1.00
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.40p -0.42% 569.00p 570.20p 570.60p 573.40p 568.20p 572.40p 3,339,636 16:35:11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonlife Insurance 7,018.0 480.0 31.8 17.9 5,868.66

Rsa Insurance Share Discussion Threads

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Barclays Capital reaffirms its overweight investment rating on RSA Insurance Group PLC (LON:RSA) and raised its price target to 585p. Goldman Sachs reaffirms its buy investment rating on RSA Insurance Group PLC (LON:RSA) and cut its price target to 641p (from 664p)
RSA shares gain as UBS turns positive on the stock: UBS raised its rating on the stock to ‘buy’ from ‘neutral’; and lifted its target price to 600p from 550p. RSA Insurance Group (LON:RSA) is well placed to deliver against lower consensus market expectations as it undergoes a significant year of restructuring, UBS said upgraded its recommendation on the stock. RSA said it had taken actions to address the underperforming areas of the business and expects a “good recovery” in 2019. The broker said that since its last note on RSA, consensus forecasts for earnings per share (EPS) in 2019-20 have fallen by about 4% while the stock trades at a 30% discount to its synthetic sum of the parts valuation. UBS also noted that RSA has announced comprehensive remedial actions across the UK book. “We now find RSA well placed to deliver vs. lower expectations; UBSe 2019-21E EPS is 2-10% ahead of consensus; we believe gradual delivery can help close RSA's execution discount. “We see this as an attractive entry point to a stock with attractive assets, defensive characteristics, self-help and an improving dividend yield underpin.” UBS said it attributes less execution risk to companies that are restructuring and shrinking to greater profitability than those seeking to grow. It said 2019 represents a “significant year of restructuring for RSA” and thinks the company is well placed to deliver on the back of major re-underwriting, re-pricing and enhanced reinsurance purchasing. “We also note UK household trends appear to be stabilising, and there is a pricing tailwind in the London Market,” UBS added. Earnings volatility stemming from the London Market business has sparked concerns around RSA’s ability to lift its payout ratio beyond the 40-50% target. In that context, UBS thinks it is positive RSA has shed 50% of its London Market book and reinsured more out. The investment bank reckons lower volatility should help RSA lift the payout ratio. “Execution is key here, but we expect remedial actions to kick in through 2019. Our 2019 dividend per share expectations are in line, but we're 3% ahead in 2020 and at an estimated 70% pay-out by 2023.”
Couple of massive buys today.....
Good recovery - weeding out some of the poorly performing parts and this cud be snapped up by a competitor.
RSA cuts some London-based global business in profit pursuit: RSA plans to pull out of several international business lines run out of London which it says are unlikely to produce the returns which the British insurer is seeking following a September profit warning. Closing International Construction, International Freight and Fixed Price Marine Protection and Indemnity Insurance was part of efforts to streamline international exposure and improve underwriting, pricing accuracy and risk management, RSA said. The decision to ditch the businesses followed RSA’s assessment that they were “unlikely to satisfy the Group’s profitability requirements in the foreseeable future”. RSA said it would instead focus instead on International Hull, International Cargo and Transportation, International Property and International Engineering and Renewable Energy. International Marine Cargo and International Marine Transportation would be restructured into a single unit under new leadership and exposures would be cut “significantly” to focus on areas where sustained profitability could be achieved. RSA said it expected to reduce premiums written through the London Market by around a third year on year in 2019.
UBS today reaffirms its neutral investment rating on RSA Insurance and cut its price target to 600p (from 635p). Deutsche Bank today reaffirms its hold investment rating on RSA Insurance and cut its price target to 610p (from 650p).
Newbie here since the drop on Friday as I'm looking to move into more 'stable' sectors if the market goes belly-up. Recognised a name that was familiar but didn't think anything more about it until today wheen I did a bit of basic research and lo and behold, a name at the top which hasn't filled me with confidence in the past. I hope I'm wrong Royal Bank of Scotland In November 2008, he left British Land and replaced Fred Goodwin as Chief Executive of the RBS Group. Hester was paid an annual salary of £1.1million by RBS.[8] Alongside this, he took home £1.5m in bonus and pension payments in 2010.[9] In 2012 he was offered a bonus of just under £1 million, but following some considerable pressure from politicians and the public, he declined the bonus.[10] Later in 2012, in June, he declined his bonus for the following year after RBS' computer problems.[11] In December 2009, the board of RBS, in which the British government had an 84% stake, threatened to resign unless they were permitted to pay bonuses of £1.5bn to staff in its investment arm.[12] The matter received heavy criticism because it followed a £50bn taxpayer bailout of the banking sector.[citation needed] The Chancellor of the Exchequer, Alistair Darling, said he would not be "held to ransom".[13] On 12 June 2013 Royal Bank of Scotland announced that Hester would be stepping down as CEO in December 2013, after five years with the bank. He had been brought in to help restructure the bailed-out bank in 2008, at the beginning of the global financial crisis. His leaving package would be in excess of £1.6m.[14]
Poor results put down to " primarily due to elevated weather costs " rings rather similar to the excuse put forward in an attempt to justify a proposed 20% increase in my home insurance premium a few months ago despite no changes in levels of cover or excess. That excuse was " national increase in escape of water claims ". Wouldn't negotiate so I found commensurate cover at reduced price with another insurer.How many other customers had the same experience and took similar action I wonder ?
Is FTSE 100 faller RSA Insurance a top buy after 9% plunge? Shares in RSA Insurance Group (LSE: RSA) fell by 9.9% in morning trading Friday, as the FTSE 100 insurance giant revealed a disappointing third quarter. Heavier-than-expected UK losses have led to an underwriting loss for the quarter, leading chief executive Stephen Hester to tell us that “actions to improve in the UK are well under way,” while the company reported a strong period in its international business. Problems in the UK stem partly from bad weather losses, but RSA’s motor and marine insurance sectors have been suffering too. But on the upside, UK household and commercial property insurance saw improvements. Although reported pre-tax profit should be ahead of last year, on an underlying basis it’s expected to come in below 2017’s result — and that was put down “primarily to elevated weather costs.” Buy or sell? What does all this say about RSA as an investment, and has it hit Mr Hester’s “best-in-class ambitions” for the company? Well, the first thought that strikes me is that insurance companies are in the business of shouldering risk for their clients, so when things go bad it’s the company that takes the hit and not the person with a wind-blown tree crushing their car, or whatever calamity it is. So investors should expect to see quarters like this, which are pretty much inevitable for any insurance company. And as an investor who likes the insurance business myself, I’d be looking to top up on share price drops like this. On the whole, I still see RSA as a solid long-term investment.
I don't understand why they are blaming the weather in the UK in Q3. Surely the weather was perfect with very few rainy or windy days. Why were weather losses big? Fires?
Profit warnings come in threes. I'm short here.
Barrie Cornes, equity research analyst at Panmure Gordon, noted that the profit warning was a “bit of a blow” and expected RSA’s shares to be “under pressure” today. He commented: “RSA is a well-run business and non-life insurers will of course be subject to large weather losses from time to time. “Although the share price has come off Summer highs where we viewed them as being priced for perfection, we still think that they are fully valued.” Equity Analyst Robert Stephen said "the prospects for the RSA share price in the near term could be uncertain. Investors have reacted negatively to today’s update, and this could cause further declines in the company’s valuation over the short run." "In the long term, I feel that the company has a sound strategy through which to generate improving financial performance. It has a P/E ratio of around 12 at the moment, and is forecast to post double-digit EPS growth in the next financial year." "As a result, it seems to offer good value for money to my mind, while a forward divided yield of 5.5% for next year means it could also have income investing appeal in the coming years."
Well that's overdone
rumpy pumpy
Nice spike.Bid coming from Allianz maybe?
Interims today and a good increase in the interim dividend. Profitability seems OK but I'm a little worried about the reduction in business: "Net written premiums ('NWP') of £3,219m down 5%"
Understood but there is always a premium to pay.
red army
RA - I do not see such a high value on RSA. I understand RSA has a Future Cash Flow Value of around 775p.
The chart is suggesting £12 which would be my target.
red army
If Allianz decides to make a bid for RSA it seems to me a realistic offer would be between 750p and 800p or around a 10% to 20% premium from where the current share price is. Overall I will be very happy to take an offer between 750p and 800p.
Allianz’ CEO Seeks Big M&A – But He Doesn’t Want to Pay for It by Chris Hughes: The CEO of Europe’s biggest insurer is up for a big deal. He just doesn’t want Allianz SE to pay for it. Oliver Baete is going to find it hard to have his cake and eat it. Three years into the job, and things are going well for him: Allianz reckons it has surplus capital and the shares have outperformed their peers despite a recent wobble. But Europe’s insurance market is only growing slowly, and the group is keen to boost its general insurance business, which is less capital intensive than life and savings. A deal would put some of Allianz’s surplus cash to work, generate savings and re-shape the group. Baete has long-list of potential targets, including Zurich Insurance Group AG, Aviva Plc and RSA Insurance Group Plc, Bloomberg News reported last week. A small deal wouldn’t make much difference to Allianz, which has a market value of 76 billion euros ($87 billion). But big deals mean large premiums. The standard top-up of 30 percent on a 5 billion-euro takeover would cost 1.5 billion euros. For a company the size of, say, Zurich, the equivalent would be 13 billion euros. AXA SA agreed to pay a 57 percent premium for XL Group Ltd. in March — and its shareholders are livid. Faced with this dilemma, Baete recently floated the idea of a merger of equals in an interview with the Financial Times. But this would need a target willing to play the junior partner and agree to a combination at prevailing market values with no premium. There would be synergies for sure — cost savings from slashing duplicate functions plus a capital benefit from diversification. Scale is also advantageous at a time when the industry is spending on technology like car sensors and apps that cut out brokers. Better, so the argument goes, for two firms to share the burden of investment than replicate it on identical projects. Set against this is the higher than average disruption in financial services deals. Trustbusters could force disposals, shrinking the deal and its benefits. Arguing for a “European champion” to see off the Chinese bogeyman isn’t going to cut it, not yet at least. AXA and Allianz aren’t facing the same competitive pressures as, say, Alstom SA and Siemens AG. For these reasons, targets will want a decent premium and buyers like Allianz will be wary of paying it. Zurich’s management has argued that the digitization of insurance means absolute size is no longer a benefit, although scale helps locally. A deal would dilute its very Swiss identity, making it a tough sell politically. Aviva’s 20 billion-pound ($27 billion) market value means a takeover premium would be affordable. What’s more, the company is cheap, trading at only nine times next year’s estimated earnings. But its business mix wouldn’t do much to tilt Allianz away from life and pensions — unless Allianz could find a specialist life company willing to take that part off its hands. RSA, worth 6.8 billion pounds, has no life business but its shares are already baking in a takeover premium. Allianz would still have to pay something more on top. Baete can’t rewrite the rules of M&A. If he wants a deal and the target doesn’t, he’s going to have dangle a proper takeover premium. That applies to transactions big and small. Otherwise he could do worse than grow Allianz by improving its valuation, and letting shareholders find a use for his surplus capital.
It a bid is forth coming personally I would be looking at between 730p and 750p.
Adding to the above article... Logical: Olly Laughton-Scott, director of consultancy IMAS, stated that a large UK deal for Allianz would make sense. He commented: “What we are seeing is dramatic broker consolidation so it is logical that this affects at the insurance company level. “Consolidation is driving power to the brokers and making the relevance of insurance companies and standalones less relevant.” He added: “There is also huge pressure on cost throughout the industry.” With regard to Aviva and RSA being targets Laughton-Scott said they were also “logical”; if you consider the size of Allianz. “If you are a big heavy beast like Allianz the number of targets which are meaningful are very limited so you will start large and then look lower. The logical place is to start at those two companies.” Zurich and QBE were also named as potential targets. Laughton-Scott advised that Zurich sounds “less likely” and could not see Zurich selling a UK unit to a competitor. QBE was a more credible prospect. He said: “I think QBE is interesting. Despite Brexit markets are looking more geographically focused and the UK part of QBE is not a daft idea.”
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