Direct Line rues "subdued" investment returns
Direct Line Group has rued "subdued" investment returns as its profits fell for the first nine months of the year.
The provider reported that profits had dropped to £141.8m compared to £223.3m for the same period last year.
Direct Line - which announced a cost-cutting drive in September - saw its restructuring and one-off costs leap from £30.6m to £136.9m.
The insurer confirmed that its operating profit remained largely the same at £347.9m, marginally up 3% on the £337.8m posted for the same period last year.
Meanwhile, Direct Line reported £1.03bn gross written premium for ongoing operations in the third
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