RSA Insurance Ireland posts $182.1 million loss for 2014
Posted On: Dec. 2, 2015 12:00 AM CSTRSA Insurance Ireland Ltd. incurred a loss of €171.26 million ($182.1 million) in 2014, contributed by the fallout from financial and claim irregularities at the insurer, reported Irish Examiner.
RSA incurred €48.77 million in exceptional costs for restructuring, remediation and impairment of intangible assets during the year.
New accounts showed that RSA Insurance's revenues from gross premiums decreased 5% to €385.66 million.
The insurer received a capital injection of €137 million from its London-based parent firm RSA Insurance Group P.L.C. in 2014 because of the irregularities.