Rsa Insurance Group Ld Share Discussion Threads

[loganair] 02/12/2016 10:40

Research by RSA has shown that 63% of brokers believe that leaving the EU would be either positive (32%) or have no effect (31%) on their SME clients.

Only 17% said Brexit would have a negative impact.

According to the insurer's findings, brokers were equally unmoved about the impact of Brexit on their own business. Some 32% predicted it would be positive and 32% also predicted it would have no impact on their company.

[wobaguk] 16/11/2016 11:08

As an ex employee Id be staggered if those figures were correct. There were several different pension schemes, and while there were deficits, the ones I saw published were never in that order of magnitude.

RSA always surfaced the deficit figures to their employees regularly so there shouldnt be any real opportunity for rumours.

[loganair] 04/11/2016 16:59

Insurer RSA (RSA) has cut costs to boost its bottom line, but investors need to see growth coming through soon.

Following a 5% drop in premiums during the first nine months of the year, Hargreaves Lansdown analyst Nicholas Hyett commented: ‘The results show more of the same at RSA.. Premiums are broadly flat at constant currency, but progress on costs and underwriting suggest the bottom line continues to improve,’ said Hyett.

‘However, there’s a limit to how far costs can be cut. Eventually the group will need to start growing its gross written premiums, and in the highly competitive, price-driven world of commercial and personal insurance, that could well prove a challenge.’

[wobaguk] 03/11/2016 16:59

Well that was a little disappointing if not that surprising. Still think this looks a lot better 6-12 months from now. I would expect another takeover off if it wasnt for the Brexit uncertainty.

[loganair] 23/9/2016 09:50

What I´ve read is if RSA produce all the savings they say and their predicted profit materializes then the trading range mentioned by chancer will most probably be reached with in the next year.

[ianood] 22/9/2016 17:10

Thank you chancer, my point entirely. I am a huge fan of Hester and believe that Osborne got it horribly wrong moving him out of RBS. The results of Hester's efforts will serve us proud!

[loganair] 22/9/2016 08:46

ianood - Zurich pulled out because RSA said the bid undervalued the company, therefore in my opinion RSA pulled out of the bid as they rejected the bid.

[coley15] 21/9/2016 17:31

Ian- yep, 12 months ago to the day. Coincidence on recent share price increase? Are they circling again?

[ianood] 21/9/2016 16:58

loganair - RSA didn't walk Zurich pulled out!

[loganair] 15/9/2016 16:57

I am also glad, that for once a companies CEO was right to walk away from a take-over bid saying it under valued their company as it seems to be in the case of RSA.

Saying this, 530p is only equivalent of the old 106p before the 1 for 5 share consolidation. 20 years ago RSA was over 600p per share which would now equate to over £30 per consolidated share.

[loganair] 15/9/2016 16:57

I´ve read in the long term motor insurance premiums will fall due driverless cars, when they are finally fully rolled out will be much safer then the todays drivers.

[blobby] 15/9/2016 16:51

Thanks chancer. Good find.

Can anyone explain this to me "UK motor insurance premiums would continue to rise because the levels of reserve releases that have supported profitability in recent years are unsustainable in the long term."

Why would this be positive for the share price? What "reserve releases" are they talking about? Apologies if this is off topic for RSA but I expect there are others here who are interested in motor insurers as well.

[coley15] 15/9/2016 13:38

Source / link????

[inv] 15/9/2016 13:00

Takeover bid expected at £6 plus

[loganair] 12/9/2016 09:57

HSBC upgraded RSA Insurance to 'buy' from 'hold' and raised the price target to 595p from 520p despite the strong share price performance.

The bank noted RSA shares are up 19% year-to-date, outperforming the FTSE 100 index and the DJ Stoxx Insurance index by 9% and 36%, respectively.

"We upgrade the shares given we see more scope for management actions around the legacy portfolio, debt restructuring, cost savings and a further improvement in attritional loss ratios."

"The capital position is comfortable while there is more scope for EPS upgrades if the management team achieves its 2018 ambitions, increases cost targets or restructures debt further."

[ianood] 14/8/2016 15:52

Wasn't aware of RSA turning down the Zurich bid, I think you'll find they walked, albeit for their own internal reasons!

[loganair] 14/8/2016 12:40

PANMURE RAISES RSA INSURANCE TO 'BUY' from 'HOLD' - TARGET 575p from 470p.

[loganair] 10/8/2016 12:15

RSA seems to be one of only a few companies that have turned down a take over approach while their share price is nearing the take over offer price in my opinion shows that the offer made by Zurich did in fact under value RSA.

It seems to me that Hester was right during the bid by Zurich to say that RSA was worth 600p and maybe a little more.