Edition:
India

Direct Line Insurance Says Co On Course To Meet 2018 & Medium-Term Financial Targets


Tuesday, 6 Nov 2018 

Nov 6 (Reuters) - Direct Line Insurance Group PLC ::TRADING UPDATE FOR THE THIRD QUARTER OF 2018.QTRLY MOTOR GROSS WRITTEN PREMIUM 456.4 MILLION POUNDS VERSUS 462 MILLION POUNDS REPORTED LAST YEAR.GROUP'S PERFORMANCE DURING QUARTER WAS ROBUST IN A COMPETITIVE MARKET- CEO.QTRLY GROSS WRITTEN PREMIUM 854.5 MILLION POUNDS VERSUS 907.2 MILLION POUNDS REPORTED LAST YEAR.ON COURSE TO MEET 2018 AND MEDIUM-TERM FINANCIAL TARGETS.WE ARE ON TRACK TO BEGIN ROLLING OUT OUR NEW PERSONAL LINES SYSTEMS IN 2019- CEO.Q3 MOTOR IN-FORCE POLICIES GREW BY 1.9 PCT (OWN BRANDS: 3.0 PCT GROWTH) COMPARED TO PRIOR YEAR.Q3 PREMIUMS WERE LOWER BY 1.2 PCT (OWN BRANDS: 0.5 PCT LOWER) AS A RESULT OF LOWER AVERAGE PREMIUMS.Q3 UNDERLYING CLAIMS INFLATION WAS AT UPPER END OF GROUP'S LONG-TERM EXPECTATION OF 3 PCT TO 5 PCT.