RSA appoints new finance director Simon Lee, chief executive, said: "We have delivered a good result in difficult conditions given record natural catastrophe losses for the industry, the challenging economic environment and historically low yields. RSA's combined ratio improved from 96.4pc to 94.9pc. This figure measures claims as a portion of premiums, with all figures below 100 reflecting an underwriting profit. Despite this, the company raised its final dividend by just 2pc to 5.8p - payable on March 30 - blaming weak investment and low interest rates. "While these economic and investment markets persist, it is prudent to grow the dividend at a more modest rate," RSA said in a statement. RSA shares fell 4.4 to 108.1p