Direct Line Group results outline £50m cost-cutting drive

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Direct Line Group has published steady financial figures as it embarks on a £50m cost-cutting drive and a £60m restructure plan.

A trading update published yesterday (20 November) revealed that gross written premium ticked upwards from £854.5m in Q3 2018 to £858.0m in Q3 2019.

Growth was posted in motor, rescue and other personal lines, and commercial.

However, GWP in home fell 4.9% from £166.7m to £158.6m over the same period.

Direct Line Group said the decline was driven by a run-off of

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