Direct Line Group reports improved profit while GWP dips
Provider posted improved results in first three quarters of 2013.
Direct Line Group (DLG) reported a 4.3% reduction in gross written premium for the first nine months of 2013.
The provider’s operating profit increased, from £347.9m in the first three quarters of 2012 to £417.8m in the same period of 2013.
Combined operating ratio also improved, from 99.7% to 95.4%, which DLG attributed to improved underwriting and fewer claims from major weather events.
Paul Geddes, CEO of Direct Line Group, commented: “These are good results in competitive markets. Even after
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