1. The Group is now focused on its strongest businesses, a key to future outperformance. Divestments to achieve this focus have raised £1.2bn.
  2. RSA’s balance sheet is transformed. Credit Ratings are restored, regulatory capital and related capital ratios are at the upper end of our target ranges.
  3. Performance is transformed. 2016 record underwriting profits of £380m compare to a 2013 profit of £1m1. Underlying return on tangible equity1 of 14.2% in 2016, is now in the upper part of the 12-15% target range we originally set. Dividends are restored and growing.