Direct Line rues "subdued" investment returns

Paul Geddes

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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

If you already have an account, please sign in here.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: