Insurance Post

Geddes trumpets DLG reserve releasing in ‘strong' H1 results

new-paul-geddes

Direct Line Group CEO Paul Geddes says the insurer should "claim some credit" for its reserve releasing in the first half of 2015, which demonstrated a shift from its usually conservative reserving stance.

DLG released its results for the six months ending 30 June 2015 today (4 August) reporting a jump in operating profit to £335.8m (H1 2014: £235.7m) and an improved combined operating ratio of 89.4%

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