Edition:
India

Direct Line Insurance Says Will Not Be Immune In Event Of Disruptive Brexit


Tuesday, 5 Mar 2019 

March 5 (Reuters) - Direct Line Insurance Group PLC ::DIRECT LINE INS GRP - PRELIMINARY RESULTS YEAR ENDED 31 DECEMBER 2018.DIRECT LINE INSURANCE GROUP - BOARD IS ABLE TO ANNOUNCE A FINAL DIVIDEND OF 14.0P, AN INCREASE OF 2.9% ON LAST YEAR, AND A SPECIAL DIVIDEND OF 8.3P.DIRECT LINE INSURANCE GROUP PLC - CONTINUES TO TARGET A COMBINED OPERATING RATIO OF 93% TO 95% IN 2019 AND OVER MEDIUM TERM.DIRECT LINE INSURANCE GROUP PLC- FY PROFIT BEFORE TAX INCREASED BY 8.1% TO £582.6 MILLION (2017: £539.0 MILLION).DIRECT LINE INSURANCE GROUP PLC - IN 2019, TARGETING OPERATING EXPENSES BELOW £700 MILLION.DIRECT LINE INSURANCE GROUP PLC - REITERATION OF ONGOING TARGET OF ACHIEVING AT LEAST A 15% RETURN ON TANGIBLE EQUITY.DIRECT LINE - SOLVENCY CAPITAL RATIO OF 170% (AFTER PROPOSED DIVIDENDS) REFLECTING PRUDENCE GIVEN CURRENT POLITICAL AND ECONOMIC UNCERTAINTIES.DIRECT LINE INSURANCE GROUP PLC - WEATHER RETURNED TO NORMAL LEVELS IN 2018 AFTER A BENIGN 2017.DIRECT LINE INSURANCE GROUP - WEATHER RETURNING TO NORMAL LEVELS OFFSET NON-REPEAT IN 2018 OF £57 MILLION NON-CASH IMPAIRMENT CHARGE INCURRED IN 2017.DIRECT LINE INSURANCE GROUP PLC - OVERALL, CURRENT-YEAR COMBINED OPERATING RATIO WAS STABLE.DIRECT LINE INSURANCE GROUP PLC - GREW IN-FORCE POLICIES BY 1.9% TO 4.1 MILLION IN FY.DIRECT LINE INSURANCE GROUP PLC - GROSS WRITTEN PREMIUM WAS BROADLY STABLE AT £1,671 MILLION IN FY.