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FY Results

lse:rsa

#1

FY due tomorrow 22nd Feb. a reminder of what to expect- Q3 trading update:-

 YTD Group net written premiums at Q3 2017 are up 8% as reported, and up 3% at
constant fx rates, versus Q3 2016.
 Volumes accounted for 1% growth in the quarter, with rate increases adding 2%.
 EPS YTD is ahead of 2016 though held back by Q3 underwriting results.

The adjusted EPS 2016 was 39.5p, prior to Q3 the Digital Look 2017 forecast was 44p but now mean Adj EPS is forecast at 39.1p slightly down from 2016 suggesting analysts think picture has worsened since the Q3 update. Several insurers have had poor results due to claims from the storms.

I had a moderate holding here but decided to manage risk and have sold around half at a 10% profit but well off the peak price mid 17.

H2