Edition:
India

Direct Line Insurance says 9-month gross written premium up by 4.2 pct to 2.60 bln pounds


Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - DIRECT LINE INSURANCE GROUP PLC ::TOTAL IN-FORCE POLICIES HAVE INCREASED BY 0.2% SINCE 30 SEPTEMBER 2016​.‍9-MONTH GROSS WRITTEN PREMIUM OF £2,601.4M INCREASED BY 4.2% COMPARED WITH FIRST NINE MONTHS OF 2016​.‍MOTOR, COMMERCIAL AND RESCUE BUSINESSES CONTINUED TO TRADE WELL IN QUARTER​.IN 2017 CO EXPECTS TO DELIVER COMBINED OPERATING RATIO AROUND MIDDLE OF TARGET RANGE OF 93% TO 95%.‍ON CLAIMS, DAMAGE SEVERITY REMAINED AT ELEVATED LEVELS, WHILE FREQUENCY SO FAR THIS YEAR HAS BEEN BETTER THAN EXPECTED.‍IN LINE WITH GROUP'S PREVIOUSLY STATED TARGETS, FY BUSINESS AS USUAL EXPENSE RATIO IS EXPECTED TO BE LOWER THAN 2016.‍GROUP NOW EXPECTS TO ACHIEVE 2.5% INVESTMENT INCOME YIELD IN 2017 VERSUS PREVIOUS EXPECTATION OF 2.4% INVESTMENT INCOME YIELD​.