Datamonitor - Royal & Sun reaps benefits of restructure - News

Datamonitor - Royal & Sun reaps benefits of restructure - News: "Royal & Sun Alliance, the UK's second largest general insurer, has announced strong H1 results and robust returns in each of its core businesses, attributable in part to the company's ongoing restructuring program. The six-month period also saw the insurer expand its Scandinavian business and underwrite a higher number of premiums.
H1 net profit was GBP195 million, more than double the GBP82 million in the same period a year earlier. Operating profit for the half-year stood at GBP329, a 126% increase on GBP145 million from the same period in 2004.

'It has been a good first half of the year, with strong performance from our core businesses and further progress in the US,' said group chief executive Andy Haste."