Direct Line sees GWP fall while profit grows
Provider said premium reduction reflected "disciplined underwriting".
Direct Line Group (DLG) saw its gross written premiums (GWP) fall to just under £1.9bn for the first six months of 2014, down from almost £2bn the previous year.
However operating profit increased to £241.5m (H1 2013: £227.3m) and profit after tax grew to £175.6m from £151.8m.
DLG said the reduction in premiums was a reflection on "disciplined underwriting in competitive markets".
Motor
Looking to the motor business, overall the group saw motor prices reduce on average by 2% during the second
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