Share Name Share Symbol Market Type Share ISIN Share Description
Rsa Insurance Group Ld 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
  0.00 0.0% 684.20 684.20 684.40 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonlife Insurance 6,546.0 483.0 30.9 22.1 7,079

Rsa Insurance Group Ld Share Discussion Threads

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Insurance group RSA completes £403m disposal of operations in Brazil - Sale of remaining Latin American businesses in Chile, Argentina, Mexico, Colombia and Uruguay to take place over the next six months.expected to take place within next six months.
IC - RSA reinvents itself though premium growth remains sluggish: RSA Insurance has now reached the final part of a root and branch restructuring. The group's operations now centre on the UK, Scandinavia and Canada, with around two-thirds of premiums written outside the UK. The scale of the restructuring can be appreciated when you consider that 12 overseas operations have been sold off since June 2014, leaving only the group's Latin American operation held for sale. With a much more focused operation, RSA has increased its gross cost savings target to over £350m by 2018, and is raising the underlying return on tangible equity to the upper half of its 12-15 per cent target range. Group operating profits last year rose from £365m to £523m thanks to a very strong underwriting performance that saw profits increase from £41m to £220m. The numbers were boosted by a £91m release from prior years' reserves, and despite larger than expected weather-related losses, (bad weather in December alone cost £76m) the combined ratio (claims as a percentage of premium income) improved from 99.5 to 96.9 per cent. However, there is still plenty to work on. Premium income was down in both Canada and Ireland, while low bond yields trimmed the investment return which has virtually halved since 2011. Analysts at Numis are forecasting net tangible book value at December 2016 of 307p. IC VIEW: RSA has made good progress reinventing itself. However, with sluggish premium growth, tough competition and falling investment income, the shares, trading on 1.45 times forecast net tangible assets look about right. Hold.
Sentiment improving around RSA Insurance Interest in RSA Insurance (RSA) has declined since Zurich withdrew its bid for the group and there is upside potential. Numis analyst Nick Johnson retained his ‘hold’ recommendation and target price of 400p on the shares, which rose 9.8% to 433.2p yesterday. ‘Full-year 2015 results are ahead of expectations with operating profit before tax of £523 million beating consensus of £481 million. Underlying return on net trade assets for the year was 9.7%. The outperformance was mainly driven by the underwriting result, with reserve releases helping to deliver a significantly improved result for Canada. RSA has raised its cost saving target by £100 million to over £350 million by 2018,’ he said. ‘We think these are encouraging results that should be positive for sentiment, which had fallen back to low levels following the withdrawal of Zurich’s bid interest. We see valuation upside from current low levels.’
A very creditable improvement and the divi increase shows confidence. I think the bottom is in for RSA - at least in relative terms, but the market background may hold it back, of course. Another good half year for confirmation of the trend and, yes, £5 in its own right would look a very reasonable target imho. Additionally, it may look a more enticing t/o target after Hester's clean up and streamlining of the operation. I had been thinking of dumping it but today has changed my mind.
Could this get back to over £5 without any takeover rumours?
So does today call a bottom in the eternally falling price trend. I have had this on my watch list for some time but never felt that it was at a turning point but today might be it.
RSA have certainly delivered the goods today with results well above expectations and increased dividend.
Rumours abound that Hester is ready to move on from this challenge lol !!!!! lol !!!! Was RBS the same WE has HESTER the PROTECTOR with plenty FREE shares BONUS and PENSION TOP UP A STAR BORN in THE CITY is ever there was one. lol !!!! Made a fool of everyone. RIGHTS ISSUE please. It pleases the CITY. Its ONLY OTHER PEOPLES MONEY for the the next round of BONUSES and PENSION TOP Ups. Free shares and all. What CHALLANGE ??? Easy peasy.
Rumours abound that Hester is ready to move on from this challenge but after the failed bid from Zurich it looks like he might have to wait a big longer for an “out” by virtue of a takeover. In the meantime he has committed to make sure RSA becomes "the most valuable company we can make it."
Nomura downgraded Direct Line to 'neutral' from 'buy' while retaining its 400p price target, switching its preference in UK non-life to RSA Insurance, which it raised to 'buy' from 'neutral' with an unchanged price target of 495p. Nomura pointed out that DLG has been a star performer in the insurance sector over the past two years, with a total shareholder return of 40% last year, as it delivered on its strategy and faced fewer headwinds from Solvency II than its peers. The bank stressed that it was downgrading after a strong performance, as the underlying investment case for DLG of strong total returns via special dividends is intact. By contrast, RSA was flat in 2015 and while progress has been made on the balance sheet and underlying performance, low bond yields and FX went against the stock, serving to constrain performance. "However, we believe from here there is scope to surprise to the upside on the balance sheet as the group discloses Solvency II numbers and a more up-to-date valuation on the pension position." Nomura is expecting RSA to start paying special dividends next year, which leads to similar yields for both stocks - 6.8% for RSA and 6.6% for DLG. It reckons there is upside risk to both companies' dividend estimates, so there isn't much to choose between the two in terms of yields. "However, we believe there is likely more potential for self-help measures at RSA, helping earnings and dividends, compared with DLG, which has achieved more on efficiencies and improving the underwriting performance."
Turnaround play: RSA Insurance, which has been embroiled in a major accounting scandal at its Irish division, is a potentially undervalued turnaround play. The insurer, which is the second largest in the UK general insurance market, is in the midst of a three-year restructuring drive. Its strategy is to focus on core markets in the UK, Scandinavia and Canada, cut costs, shore up its balance sheet and improve the operational side of the business. The insurer is already showing the green shoots of recovery, and the improvement in performance is exceeding market expectations. Operating profits increased 84% to £259m in the first half of 2015, and its combined ratio fell to 96.9%, from 100.3% last year. Analysts expect RSA will deliver underlying EPS of 32.7p per share for the full year, which gives its shares a very reasonable forward P/E of 13.8. AND Financial giant fires higher: Shares in insurance-play RSA Insurance have been prone to bouts of extreme volatility in 2015, with the failed takeover bid by rival Zurich naturally prompting wild trading activity during the spring and the summer. The stock is currently down 4% since the start of 2015, but I believe this creates a brilliant bargain-hunting opportunity, as RSA Insurance’s business activity across core regions steadily improves and premiums move higher. Thanks to its mammoth restructuring drive, RSA Insurance is expected to flip from losses of 14.4p per share in 2014 to earnings of 32.7p in 2015, creating an appealing P/E rating of 13.8 times — any reading below 15 times is widely considered attractive value. And this figure falls to 13.1 times for next year amid predictions of a 1% bottom-line improvement. With RSA Insurance’s previously battered balance sheet now in much ruder health, and dividends now back in full flow, the ‘Square Mile’ has chalked in a handy full-year reward of 11.2p per share, yielding 2.6%. And a projected dividend of 14.3p for 2016, producing a far superior 3.3% yield, illustrates the terrific income prospects over at the London firm for the coming years.
Despite progress so far, the team at Bank of America Merrill Lynch think RSA's restructuring is in its infancy and expect the company to extend its cost saving ambitions at the full-year results in February. RSA shares now trade on 1.4 times tangible net asset value (TNAV), a PE of 12.8 times for a 12% return on tangible equity. There's also a dividend yield of 2.8%. "These metrics may not necessarily screen as inexpensive but this is common for a restructuring story, in our view. And management’s comments suggest that some positive momentum is building in the business," writes BoAML, which thinks the shares are worth more like 480p. "We believe that the stock should trade in the region of 1.6x TNAV for the level of return. The restructuring remains in its infancy and the company can materially increase its earnings, TNAV and dividends in the coming years, in our view. Buy."
I think the market warmed to those results which showed steady improvement across most sectors, currency headwinds are still a problem but perhaps baked into the current price. The short side at over 13% (Crest) seems a little excessive, hoping for a bit of covering as things improve. ..imo
RSA Insurance: Financial services giant RSA Insurance (LSE: RSA) has seen its share price oscillate wildly in recent months thanks to the attempted takeover by rival Zurich. The stock understandably collapsed last month after the Swiss firm axed the deal, prompted by the underperformance of its own General Insurance division, and I reckon this current price weakness makes RSA Insurance a snip. With its dividend policy cranking back into life this year, RSA Insurance is expected to shell out a dividend of 11.5p per share in 2015, yielding a handy-if-hardly-spectacular 2.8%. But the prospect of sustained earnings growth is expected to propel the payout to 15.2p the following year, creating a mighty 3.7% yield. And with massive restructuring building the balance sheet and improving the firm’s focus on core territories, I reckon the omens are good for both growth and income seekers.
Heading towards the low in July, will it go lower or will bid rumours stop that?
The sale comes as part of chief executive Stephen Hester's restructuring of the business lol !!! lol !!!!!! loll!!!! SEll sell sell HESTER with a MSGIC WAND . Just look at RBS what did he achieve there ???? The CITY loves HESTER nice name more HASTE and no RESULT
RSA plans sale of Russian and Middle Eastern operations: Insurance company RSA is planning to offload its operations in Russia and the Middle East as part of its attempts to strengthen its position. RSA is hoping to generate around £80-£90m from the disposals, which it plans to complete within a few months. The sale comes as part of chief executive Stephen Hester's restructuring of the business, which has included the disposal of other overseas operations. Earlier this month, the insurer sold its Latin American business for £403m to Suramericana.
Will nothing stop this fall, straight through 400p without a pause? Will it close below 400p?
RSA Insurance chief executive Stephen Hester said that the company will attract bids from other suitors after Zurich Insurance Group abandoned its £5.6bn (€7.74bn) offer for the British insurer. “I am sure this company will get other approaches in the future because it’s a consolidating industry and it’s an attractive company, but we are not looking for approaches and we are not talking to anyone else as we speak,” said Hester. Hester, hired in 2014 to help the insurer restore profit and recover from an accounting scandal in Ireland, said RSA had not received any other approaches since Zurich first registered its interest in the company in July. The chief executive said in the absence of another offer, the insurer will continue to focus on the turnaround that had been disrupted since Zurich talks first emerged. “I was surprised,” Hester said. “As far as we were concerned, until last night everything was on course. "We knew that the due diligence had gone well and that nothing had come out that was alarming. It was as much as a surprise to us as it was to the market.” Analysts including Shore Capital Group Ltd’s Eamonn Flanagan and Berenberg’s Sami Taipalus said another offer for the insurer couldn’t be ruled out with the shares more attractive since Zurich walked away. Deutsche Bank’s Oliver Steel said future interest for RSA could come from Asia, rather than the US or Europe. “If Zurich couldn’t make it work, we doubt that other western insurers can either,” Steel said, who has a hold rating on the stock, in a note to clients. “Nor do our US analysts believe that there is interest from US insurers. That leaves only the Japanese or Chinese insurers, who could be interested in building their global scale, but who wouldn’t derive any synergies,” said Steel.
might even be other bids for RSA....
Still got mine having bought them at equivalent to £5 before the consolidation. Was tempted to sell at 515 and 520 but missed that boat.But if Zurich could see 10 % return on their money at 550 I live in hope that it shouldn't be that long till we se the shares at 10% over 550 . It's only money
Hester was probably looking for another project with CV back to the drawing board...
Just wonder how many in the know of this news due to come out on Monday re positioned their positions last Friday?....and don't tell me news never get leaked!!...
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