RSA Insurance Group
RSA Insurance Group plc, together with its subsidiaries, provides personal and commercial general insurance products. The last earnings update was 51 days ago. More info.
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RSA Share Price and Events
7 Day Returns
1 Year Returns
RSA Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| RSA Insurance Group (RSA) | 1.7% | 5.3% | 3.1% | -16.5% | 16.5% | 13.8% |
| GB Insurance | 3.8% | 3.5% | 10.1% | -4.5% | 14.3% | 23.7% |
| GB Market | 1.9% | 3% | 7.9% | 2.5% | 15.6% | 6.8% |
1 Year Return vs Industry and Market
- RSA underperformed the Insurance industry which returned -4.5% over the past year.
- RSA underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 2.5% over the past year.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
RSA Insurance Group
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for RSA Insurance Group.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Weighted future Return on Equity estimates from 10 analysts.
= Stable Book Value * Return on Equity = £3.93 * 12.7% |
£0.50 |
| Book Value of Equity per Share | Weighted future Book Value estimates from 7 analysts. | £3.93 |
| Discount Rate (Cost of Equity) | See below | 6.9% |
| Perpetual Growth Rate | 10-Year GB Government Bond Rate | 1.2% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year GB Govt Bond Rate | 1.2% |
| Equity Risk Premium | S&P Global | 6.7% |
| Insurance Unlevered Beta | Simply Wall St/ S&P Global | 0.72 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.725 (1 + (1- 19%) (10.07%)) |
0.855 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.86 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.855 * 6.65%) |
6.91% |
Discounted Cash Flow Calculation for LSE:RSA using Excess Returns Model Model
The calculations below outline how an intrinsic value for RSA Insurance Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (12.7% – 6.91%) * £3.93) |
£0.23 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= £0.23 / (6.91% - 1.23%) |
£4.02 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= £3.93 + £4.02 |
£7.95 |
| Calculation | Result | |
|---|---|---|
| Value per share (GBP) | From above. | £7.95 |
| Current discount | Discount to share price of
£5.45
= -1 x (£5.45 - £7.95) / £7.95 |
31.4% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- RSA Insurance Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
- RSA Insurance Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for RSA Insurance Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
RSA Insurance Group's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in GBP | £0.32 |
| LSE:RSA Share Price ** | LSE (2019-04-18) in GBP | £5.45 |
| United Kingdom of Great Britain and Northern Ireland Insurance Industry PE Ratio | Median Figure of 19 Publicly-Listed Insurance Companies | 16.26x |
| United Kingdom of Great Britain and Northern Ireland Market PE Ratio | Median Figure of 796 Publicly-Listed Companies | 16.29x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of RSA Insurance Group.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = LSE:RSA Share Price ÷ EPS (both in GBP) = 5.45 ÷ 0.32 |
17.17x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- RSA Insurance Group is overvalued based on earnings compared to the GB Insurance industry average.
- RSA Insurance Group is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does
RSA Insurance Group's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 17.17x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts |
12.5%per year |
| United Kingdom of Great Britain and Northern Ireland Insurance Industry PEG Ratio | Median Figure of 16 Publicly-Listed Insurance Companies | 1.54x |
| United Kingdom of Great Britain and Northern Ireland Market PEG Ratio | Median Figure of 563 Publicly-Listed Companies | 1.47x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 17.17x ÷ 12.5% |
1.37x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- RSA Insurance Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
RSA Insurance Group's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in GBP | £3.90 |
| LSE:RSA Share Price * | LSE (2019-04-18) in GBP | £5.45 |
| United Kingdom of Great Britain and Northern Ireland Insurance Industry PB Ratio | Median Figure of 24 Publicly-Listed Insurance Companies | 2.12x |
| United Kingdom of Great Britain and Northern Ireland Market PB Ratio | Median Figure of 1,365 Publicly-Listed Companies | 1.51x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = LSE:RSA Share Price ÷ Book Value per Share (both in GBP) = 5.45 ÷ 3.90 |
1.4x |
* Primary Listing of RSA Insurance Group.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- RSA Insurance Group is good value based on assets compared to the GB Insurance industry average.
Value checks
We assess RSA Insurance Group's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check) RSA Insurance Group has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- RSA Insurance Group's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
- RSA Insurance Group's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
- RSA Insurance Group's revenues are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| LSE:RSA Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts | 12.5% |
| LSE:RSA Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts | -1.8% |
| United Kingdom of Great Britain and Northern Ireland Insurance Industry Earnings Growth Rate | Market Cap Weighted Average | 11.8% |
| United Kingdom of Great Britain and Northern Ireland Insurance Industry Revenue Growth Rate | Market Cap Weighted Average | 18.3% |
| United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate | Market Cap Weighted Average | 10.9% |
| United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate | Market Cap Weighted Average | 4.8% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 10 Analyst Estimates (S&P Global) | See Below |
| Date (Data in GBP Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 595 | |||
| 2022-12-31 | 579 | |||
| 2021-12-31 | 6,665 | 703 | 529 | 5 |
| 2020-12-31 | 6,651 | 671 | 517 | 8 |
| 2019-12-31 | 6,477 | 578 | 464 | 7 |
| Date (Data in GBP Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 7,010 | 189 | 326 |
| 2018-09-30 | 7,032 | 275 | 315 |
| 2018-06-30 | 7,055 | 361 | 304 |
| 2018-03-31 | 7,078 | 363 | 287 |
| 2017-12-31 | 7,100 | 365 | 269 |
| 2017-09-30 | 7,066 | 129 | 194 |
| 2017-06-30 | 7,031 | -108 | 119 |
| 2017-03-31 | 6,925 | -72 | 82 |
| 2016-12-31 | 6,819 | -35 | 45 |
| 2016-09-30 | 6,668 | 87 | 85 |
| 2016-06-30 | 6,517 | 208 | 125 |
| 2016-03-31 | 6,590 | 266 | 98 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 10 Analyst Estimates (S&P Global) | See Below |
All data from RSA Insurance Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in GBP Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | 0.52 | 0.57 | 0.48 | 10.00 |
| 2020-12-31 | 0.49 | 0.53 | 0.46 | 12.00 |
| 2019-12-31 | 0.45 | 0.49 | 0.40 | 11.00 |
| Date (Data in GBP Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.32 |
| 2018-09-30 | 0.31 |
| 2018-06-30 | 0.30 |
| 2018-03-31 | 0.28 |
| 2017-12-31 | 0.26 |
| 2017-09-30 | 0.19 |
| 2017-06-30 | 0.12 |
| 2017-03-31 | 0.08 |
| 2016-12-31 | 0.04 |
| 2016-09-30 | 0.08 |
| 2016-06-30 | 0.12 |
| 2016-03-31 | 0.10 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess RSA Insurance Group's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
RSA Insurance Group has a total score of 2/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has RSA Insurance Group performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- RSA Insurance Group has delivered over 20% year on year earnings growth in the past 5 years.
- RSA Insurance Group's 1-year earnings growth is less than its 5-year average (21.2% vs 70.8%)
- RSA Insurance Group's earnings growth has exceeded the GB Insurance industry average in the past year (21.2% vs 5.3%).
Earnings and Revenue History
All data from RSA Insurance Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in GBP Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 7,010.00 | 326.00 | ||
| 2018-09-30 | 7,032.00 | 315.00 | ||
| 2018-06-30 | 7,055.00 | 304.00 | ||
| 2018-03-31 | 7,078.00 | 286.50 | ||
| 2017-12-31 | 7,100.00 | 269.00 | ||
| 2017-09-30 | 7,065.50 | 194.00 | ||
| 2017-06-30 | 7,031.00 | 119.00 | ||
| 2017-03-31 | 6,925.00 | 82.00 | ||
| 2016-12-31 | 6,819.00 | 45.00 | ||
| 2016-09-30 | 6,668.00 | 85.00 | ||
| 2016-06-30 | 6,517.00 | 125.00 | ||
| 2016-03-31 | 6,589.50 | 97.50 | ||
| 2015-12-31 | 6,662.00 | 70.00 | ||
| 2015-09-30 | 7,868.50 | 157.50 | 234.00 | |
| 2015-06-30 | 6,835.00 | -43.00 | -590.00 | |
| 2015-03-31 | 7,082.50 | -83.50 | -295.00 | |
| 2014-12-31 | 7,330.00 | -124.00 | ||
| 2014-09-30 | 7,889.00 | -321.50 | 596.00 | |
| 2014-06-30 | 8,111.00 | -507.00 | 598.00 | |
| 2014-03-31 | 8,410.50 | -411.00 | 303.00 | |
| 2013-12-31 | 8,710.00 | -315.00 | 8.00 | |
| 2013-09-30 | 8,883.00 | 10.00 | 7.00 | |
| 2013-06-30 | 9,056.00 | 335.00 | 6.00 | |
| 2013-03-31 | 8,964.50 | 323.00 | 6.00 | |
| 2012-12-31 | 8,873.00 | 311.00 | 6.00 | |
| 2012-09-30 | 8,838.00 | 301.00 | 3.00 | |
| 2012-06-30 | 8,803.00 | 291.00 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- RSA Insurance Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- RSA Insurance Group used its assets more efficiently than the GB Insurance industry average last year based on Return on Assets.
- RSA Insurance Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess RSA Insurance Group's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
RSA Insurance Group has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is RSA Insurance Group's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up RSA Insurance Group's finances.
The net worth of a company is the difference between its assets and liabilities.
- RSA Insurance Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- RSA Insurance Group's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 10.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from RSA Insurance Group Company Filings, last reported 3 months ago.
| Date (Data in GBP Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 4,251.00 | 560.00 | 807.00 |
| 2018-09-30 | 4,251.00 | 560.00 | 807.00 |
| 2018-06-30 | 4,286.00 | 663.00 | 793.00 |
| 2018-03-31 | 4,286.00 | 663.00 | 793.00 |
| 2017-12-31 | 4,102.00 | 564.00 | 1,066.00 |
| 2017-09-30 | 4,102.00 | 564.00 | 1,066.00 |
| 2017-06-30 | 4,080.00 | 666.00 | 780.00 |
| 2017-03-31 | 4,080.00 | 666.00 | 780.00 |
| 2016-12-31 | 3,847.00 | 1,319.00 | 1,010.00 |
| 2016-09-30 | 3,847.00 | 1,319.00 | 1,010.00 |
| 2016-06-30 | 4,274.00 | 1,261.00 | 1,328.00 |
| 2016-03-31 | 4,274.00 | 1,261.00 | 1,328.00 |
| 2015-12-31 | 3,771.00 | 1,265.00 | 869.00 |
| 2015-09-30 | 3,771.00 | 1,265.00 | 816.00 |
| 2015-06-30 | 3,846.00 | 1,249.00 | 881.00 |
| 2015-03-31 | 3,846.00 | 1,249.00 | 881.00 |
| 2014-12-31 | 3,933.00 | 1,542.00 | 1,073.00 |
| 2014-09-30 | 3,933.00 | 1,542.00 | 1,011.00 |
| 2014-06-30 | 3,840.00 | 1,602.00 | 1,144.00 |
| 2014-03-31 | 3,840.00 | 1,602.00 | 1,144.00 |
| 2013-12-31 | 3,014.00 | 1,610.00 | 1,162.00 |
| 2013-09-30 | 3,014.00 | 1,610.00 | 1,162.00 |
| 2013-06-30 | 3,762.00 | 1,611.00 | 1,332.00 |
| 2013-03-31 | 3,762.00 | 1,611.00 | 1,332.00 |
| 2012-12-31 | 3,879.00 | 1,607.00 | 1,329.00 |
| 2012-09-30 | 3,879.00 | 1,607.00 | 1,329.00 |
| 2012-06-30 | 3,849.00 | 1,610.00 | 1,376.00 |
- RSA Insurance Group's level of debt (13.2%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (53.3% vs 13.2% today).
- Debt is well covered by operating cash flow (33.8%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 21.6x coverage).
Financial health checks
We assess RSA Insurance Group's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) RSA Insurance Group has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is RSA Insurance Group's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
£2,000 of
RSA Insurance Group
shares you are expected to receive
£77
in your first year as a dividend.
Dividend Amount
- RSA Insurance Group's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.02%).
- RSA Insurance Group's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.19%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 10 Analyst Estimates (S&P Global) | See Below |
| United Kingdom of Great Britain and Northern Ireland Insurance Industry Average Dividend Yield | Market Cap Weighted Average of 21 Stocks | 4.5% |
| United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield | Market Cap Weighted Average of 705 Stocks | 4.2% |
| United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield | 10th Percentile | 1% |
| United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield | 25th Percentile | 2% |
| United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield | 75th Percentile | 5.2% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in £) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | 0.41 | 2.00 |
| 2022-12-31 | 0.40 | 2.00 |
| 2021-12-31 | 0.35 | 12.00 |
| 2020-12-31 | 0.33 | 15.00 |
| 2019-12-31 | 0.28 | 14.00 |
| Date (Data in £) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-28 | 0.210 | 4.044 |
| 2019-02-27 | 0.210 | 4.049 |
| 2018-03-21 | 0.196 | 3.326 |
| 2018-02-22 | 0.196 | 3.114 |
| 2017-03-22 | 0.160 | 2.581 |
| 2017-02-23 | 0.160 | 2.692 |
| 2016-03-24 | 0.140 | 2.705 |
| 2016-02-25 | 0.140 | 3.100 |
| 2015-08-06 | 0.070 | 1.621 |
| 2015-03-24 | 0.020 | 0.463 |
| 2015-02-26 | 0.020 | 0.471 |
| 2014-08-07 | 0.000 | 0.000 |
| 2014-03-25 | 0.000 | 0.000 |
| 2014-02-27 | 0.000 | 0.000 |
| 2013-02-21 | 0.366 | 6.501 |
| 2012-02-23 | 0.458 | 8.119 |
| 2011-04-14 | 0.441 | 7.517 |
| 2011-02-24 | 0.441 | 6.569 |
| 2010-04-12 | 0.413 | 6.489 |
| 2010-02-25 | 0.413 | 6.495 |
| 2009-08-06 | 0.395 | 6.319 |
| 2009-04-20 | 0.386 | 6.176 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have fallen over the past 10 years.
Income/ dividend checks
We assess RSA Insurance Group's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can RSA Insurance Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) RSA Insurance Group has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | £4,068,000 |
| AGE | 57 |
| TENURE AS CEO | 5.2 years |
CEO Bio
Mr. Stephen A. M. Hester has been the Group Chief Executive Officer of RSA Insurance Group plc since February 05, 2014. Mr. Hester has over 30 years' experience in financial services and FTSE100 companies with expertise in transforming the performance of businesses. Mr. Hester served as Group Chief Executive of National Westminster Bank plc until September 30, 2013. Mr. Hester served as Group Chief Executive Officer of The Royal Bank of Scotland Group plc (also known as RBS Group) for Coutts & Co. from November 21, 2008 to October 01, 2013. He served as Group Chief Executive of NatWest Markets Plc (formerly known as Royal Bank of Scotland Plc) since October 1, 2008. He served as Chief Operating Officer of Santander UK Group Holdings plc since February 2003, Group Finance Director and also served as its Chief Financial Officer. Mr. Hester served as the Chief Executive Officer of The British Land Company Public Limited Company from November 2004 to November 15, 2008 and previously served as its Co-Chief Executive Officer since July 2004. He served as Chairman and Chief Executive Officer of The British Land Corporation Ltd. He served as Chief Financial Officer of Abbey National Financial Products. He held a number of senior roles at Credit Suisse First Boston in London and New York including chief financial officer, Head of fixed income and co-Head of European Investment Banking. He served as a Non-Executive Deputy Chairman and Director of NRAM plc from February 2008 to October 1, 2008. He has been an Executive Director of RSA Insurance Group plc since February 5, 2014. He has been a Non Executive Director of Centrica plc since June 1, 2016 and has also been its Senior Independent Director since October 01, 2016. He served as an Executive Director of The Royal Bank of Scotland Group plc from October 1, 2008 to October 1, 2013. He served as an Executive Director of Santander UK Group Holdings Plc since May 13, 2002. He served as Director of The British Land Company PLC since November 12, 2004 and National Westminster Bank plc until September 30, 2013. He served as Director of Abbey National Treasury Services plc. Mr. Hester serves as a Trustee of the Foundation and Friends of The Royal Botanic Gardens, Kew Foundation. He has wide-ranging experience, particularly in customer-facing businesses, together with recognised expertise in transforming business performance. He has a deep knowledge of operating within highly regulated businesses and over 30 years’ experience in financial services and FTSE 100 companies. He studied Economics at University of Oxford.
CEO Compensation
- Stephen A.'s compensation has been consistent with company performance over the past year.
- Stephen A.'s remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure
Average tenure and age of the RSA Insurance Group management team in years:
- The tenure for the RSA Insurance Group management team is about average.
Management Team
Stephen A. Hester
Group Chief Executive & Director
£4M
57
5.2 yrs
Scott Egan
Group CFO
£2M
47
3.5 yrs
David Germain
Group Chief Technology Officer
2.4 yrs
Kerry McConnell
Director of Investor Relations
Charlotte Heiss
Group Chief Legal Officer & Company Secretary
3.1 yrs
Natalie Whitty
Communications Director
David Coughlan
Managing Director - UK Personal Lines
2.9 yrs
William R. McDonnell
Group Chief Risk Officer
4.3 yrs
Ralph Daals
Group Chief Auditor
3.8 yrs
Darren McKenzie
Chief Operating Officer of UK & Western Europe
50
3.8 yrs
Board of Directors Tenure
Average tenure and age of the RSA Insurance Group board of directors in years:
- The tenure for the RSA Insurance Group board of directors is about average.
Board of Directors
Martin Scicluna
Chairman of the Board
£427K
68
6.3 yrs
Stephen A. Hester
Group Chief Executive & Director
£4M
57
5.2 yrs
Scott Egan
Group CFO
£2M
47
3.5 yrs
Jos Streppel
Independent Non-Executive Director
£94K
69
7.5 yrs
Alastair William Barbour
Independent Non-Executive Director
£115K
65
7.5 yrs
Kath Cates Shailer
Independent Non-Executive Director
£94K
55
5.6 yrs
Martin Strobel
Independent Non-Executive Director
£110K
52
2.9 yrs
Isabel Hudson
Senior Independent Non-Executive Director
£101K
58
1.9 yrs
Enrico Tommaso Cucchiani
Independent Non-Executive Director
£85K
68
4.3 yrs
Charlotte Jones
Non-Executive Director
£56K
50
1 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (£) | Value (£) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess RSA Insurance Group's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) RSA Insurance Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
What Should You Know About The Future Of RSA Insurance Group plc's (LON:RSA)?
RSA Insurance Group plc's (LON:RSA) latest earnings announcement in December 2018a … signalled
Simply Wall St - – Full articleHow Does RSA Insurance Group plc (LON:RSA) Fare As A Dividend Stock?
Historically, RSA Insurance Group plc (LON:RSA) has been paying a dividend to shareholders. … Does RSA Insurance Group tick all the boxes of a great dividend stock? … Check out our latest analysis for RSA Insurance Group
Simply Wall St - – Full articleHow RSA Insurance Group plc (LON:RSA) Could Add Value To Your Portfolio
is a company with great financial health as well as a. … Below, I've touched on some key aspects you should know on a high level … If you're interested in understanding beyond my broad commentary,
Simply Wall St - – Full articleWas RSA Insurance Group plc's (LON:RSA) Earnings Growth Better Than The Industry's?
For long-term investors, assessing earnings trend over time and against industry benchmarks is more beneficial than examining a single earnings announcement at a point in time. … Did RSA beat its long-term earnings growth trend and its industry. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 71%, indicating the rate at which RSA is growing has slowed down
Simply Wall St - – Full articleRSA Insurance Group plc (LON:RSA): Is Growth Priced In?
Looking at RSA Insurance Group plc’s (LON:RSA) fundamentals some investors are wondering if its last closing price of £5.228 represents a good value for money for this high growth stock. … Let’s take a look at some key metrics to determine whether there's any value here for current and potential future investors. … The excitement around RSA Insurance Group's growth potential is not unfounded
Simply Wall St - – Full articleRSA Insurance Group plc (LON:RSA) Is Trading 25.51% Below Its True Value
Insurance stocks such as RSA are hard to value. … This is because the rules banks face are different to other companies, which can impact the way we forecast their cash flows. … Industry-specific factors, such as gross written premiums are crucial in understanding how insurance companies make money.
Simply Wall St - – Full articleWhy Fundamental Investors Might Love RSA Insurance Group plc (LON:RSA)
is a company with great financial health as well as a. … Below is a brief commentary on these key aspects … If you're interested in understanding beyond my high-level commentary,
Simply Wall St - – Full articleDoes The Hype Around RSA Insurance Group plc's (LON:RSA) Growth Justify Its October Share Price?
RSA Insurance Group plc (LON:RSA) is considered a high growth stock. … View our latest analysis for RSA Insurance Group? … Analysts are predicting good growth prospects for RSA Insurance Group over the next couple of years
Simply Wall St - – Full articleWhy RSA Insurance Group plc's (LON:RSA) CEO Pay Matters To You
First, this article will compare CEO compensation with compensation at similar sized companies. … Hester's Compensation Compare With Similar Sized Companies. … Our data indicates that RSA Insurance Group plc is worth UK£5.6b, and total annual CEO compensation is UK£5m.
Simply Wall St - – Full articleWhat Do Analysts Think About RSA Insurance Group plc's (LON:RSA) Future?
In June 2018, RSA Insurance Group plc (LON:RSA) released its earnings update. … with earnings expected to grow by a high double-digit of 72.58% in the upcoming year, … 5-year average growth rate of -5.86%.
Simply Wall St - – Full articleCompany Info
Description
RSA Insurance Group plc, together with its subsidiaries, provides personal and commercial general insurance products. It operates through Scandinavia, Canada, and UK & International segments. The company offers a range of personal insurance products, including home, car, pet, and travel insurance products directly to its customers, as well as through brokers and agents. It also provides commercial insurance products, such as property, vehicle and fleet, professional liability, and indemnity and travel insurance, as well as marine, renewable energy, construction and engineering, and rail insurance for small to medium sized enterprises, multinational companies, and sole traders. In addition, the company offers risk management solutions for the food and drink, infrastructure and utility, and real estate sectors, as well as care homes, hospices, residential homes, and day care centers and others. The company was formerly known as Royal & Sun Alliance Insurance Group plc and changed its name to RSA Insurance Group plc in May 2008. RSA Insurance Group plc was founded in 1710 and is headquartered in London, the United Kingdom.
Details
| Name: | RSA Insurance Group plc |
| RSA | |
| Exchange: | LSE |
| Founded: | 1710 |
| £5,562,623,669 | |
| 1,019,916,331 | |
| Website: | http://www.rsagroup.com |
| Address: |
RSA Insurance Group plc 20 Fenchurch Street, London, Greater London, EC3M 3AU, United Kingdom |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| LSE | RSA | Ordinary Shares | London Stock Exchange | GB | GBP | 02. Jan 1992 | |
| OTCPK | RSAI.F | Ordinary Shares | Pink Sheets LLC | US | USD | 02. Jan 1992 | |
| DB | SUA2 | Ordinary Shares | Deutsche Boerse AG | DE | EUR | 02. Jan 1992 | |
| BATS-CHIXE | RSAL | Ordinary Shares | BATS 'Chi-X Europe' | GB | GBP | 02. Jan 1992 | |
| OTCPK | RSNA.Y | SPONSORED ADR | Pink Sheets LLC | US | USD | 17. Oct 2008 |
Number of employees
Current staff
Industry
| Property and Casualty Insurance | |
| Insurance |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/19 20:40 |
| End of day share price update: | 2019/04/18 00:00 |
| Last estimates confirmation: | 2019/04/12 |
| Last earnings filing: | 2019/02/27 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
