Provider says it has seen premium reductions in motor due to Covid restrictions as GWP slips slightly to £481m.
Direct Line Group reported that its commercial division, including NIG, delivered an increased operating profit of £43.6m.
Following its takeover by Intact, RSA's UK, Ireland, Europe and Middle East operations also reports gross written premiums of £2.3bn.
Provider also records rise in GWP and an improved COR of 93.1%.
Simon Matson, CEO, Europe, Middle East and Asia, said the UK division had seen organic growth of 9%.
The consolidator now places circa £900m in gross written premium and employs over 1,500 people in over 50 offices across the UK and Ireland.
Results for H1 show GWP drop as motor specialist prioritises profitability over volume, joins Saga panel and flags creation of temporary insurance product in H2.
The software house recorded a £52.7m turnover for the year, largely in line with its results for 2019.
Provider reports a COR of 94% as GWP rises by 22%.
Masojada is set to step down at the end of the year and will be succeeded by group CFO Aki Hussain.
The broker also revealed a plan to triple its international turnover and to grow its position as a large independent European broker.
The business, which claimed £614,000 furlough cash in 2020, was snapped up by Arch Re earlier this year.
The business suggested low claims frequency and unusually positive developments in the cost of bodily injury claims will boost its half year figures.
The trade body was forced to cancel its conference last year and make redundancies but said that due to managing funds “cautiously” it was able to return a small surplus.
The software house also revealed an increase in operating profit for the year.
The Welsh broker has reported an overall increase in profits as CEO Rhys Thomas highlights the importance of investing in the company’s team.
Egan says RSA's turnaround phase is over as he discusses what the sale to Intact will mean for the UK and International business.
The consolidator has paid £111m in cash for deals including Marmalade, Hemsley Wynne Furlonge, AccuRisk, and Resilium as it also states it was paid £22.75m for Bennetts.
Group income has increased to £199.7m as the consolidator flags a mix of acquisitions and organic growth.
Planning for the expert supplement has begun, so if you’re an independent broker with GWP over £12m, and haven’t been invited before, please do get in touch.
The professional body also saw a drop in membership numbers during the year.
MD Howard Pepper says that several factors enabled the company to achieve growth despite the challenges presented by the pandemic.
Consolidator's financial results for the year ended 31 March 2020 show a pre-tax loss of £23.4m, but rising turnover and a 42% boost in operating profit.
CEO John Neal discusses Covid-19 related claims, the continuation of Lloyd's decile ten strategy and the future of the underwriting room.