Direct Line Group reports dip in GWP while COR improves
Direct Line Group (DLG) has reported a drop in gross written premium (GWP)for 2012, at £3.99bn down from £4.13bn in 2011.
The provider’s profit for the year also dipped from £249m to £184m, although operating profit improved by 9% from £422m in 2011 to £461m last year.
Combined operating ratio (COR) also improved from 101.8% to 99.2%.
GWP for the commercial division, which comprises NIG and Direct Line for Business, fell slightly in 2012, from £439m to £436m.
Commercial COR improved slightly, from 112.3% to 108.2%.
The commercial division came back to profit, at £2.2m, compared with a loss of £12.4m in 2011.
Commer
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