RSA Insurance Posts Drop In 2012 Profit, Lowers Dividend

RSA Insurance Group RSANY posted a drop in its 2012 operating profit. RSA Insurance's 2012 operating profit fell to 684 million pounds, from 727 million pounds, in the year-ago period. It lowered the final dividend to 3.90 pence, from 5.82 pence last year. Its profit before tax declined to GBP479 million, from GBP613 million. RSA Insurance shares closed at $10.49 yesterday.