Best reports on RSA’s results

AM Best Co said that RSA’s financial strength ratings remain unaffected following the release of year-end results for 2003. “The outlook remains negative as, in line with A.M. Best’s expectations, R&SA reported a pre-tax loss of £146mn for 2003 (an improvement of £807m since the 2002 year-end) and a combined ratio for the year of 108.1% (109.4% for 2002).”