LONDON (Reuters) - RSA (L:RSA) said on Thursday it posted a 2014 pre-tax profit of 275 million pounds , recovering from a 244 million pound loss in 2013.
Under the stewardship of former Royal Bank of Scotland (L:RBS) boss Stephen Hester, the insurer said it would restart dividend payments, with a final dividend payment of 2 pence per share.
The firm said in a separate statement that chief financial officer Richard Houghton would step down from the board of RSA from May 7. He would leave the firm later this year, once a successor is recruited, RSA added.
RSA also upped its cost savings target to an annualised 210 million pounds by 2016, from a previous 180 million.
It set a new target of greater than 250 million pounds for 2017.
($1 = 0.6437 pounds)