DLG profits raised 14% by boosted reserve releases

Direct Line Group has reported profits boosted by 14% for 2013, resulting from substantial increases in reserve releases.

The insurer saw operating profits climb to £526.5m for the year, up from £461.2m in 2012, with total pre-tax profits surging to £424m from £249.1m.

DLG's combined operating ratio also improved

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