Profits rise and COR improves at Direct Line in 2017
Policy count and premiums drop at NIG.
Direct Line Group has posted a 51.4% rise in operating profit to £610.9m for the full year 2017 (2016: £403.5m).
The provider also achieved a 3.6% uplift in gross written premium (GWP) to £3.4bn in 2017, compared to £3.3bn in 2016.
Meanwhile its combined operating ratio (COR) improved to 91.8% in 2017 (2016: 97.7%), while its profit before tax in 2017 increased to £539.0m (2016: £353.0m).
NIG
Direct Line stated that its results were driven by “continued momentum in motor” and that its
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