Direct Line enjoys 70% post-tax profit surge for 2013
Insurer sees 2013 profit jump to £312.8m from the £184.3m recorded for 2012.
Direct Line Group (DLG) has reported a 14.2% rise in operating profit for 2013 to £562.5m (2012: £461.2m), with pre-tax profits up at £423.9m (2012: £249.1m).
The insurer also revealed that post-tax profit surged by 70% to £312.8m for the year compared to the £184.3m posted for 2012.
DLG's combined operating ratio (COR) also beat its 2013 target of 98%, coming in at 96.1%, an improvement on the 99.2% registered in the previous 12 months.
The provider attributed this COR improvement to a "higher
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