DLG improves combined ratio to 99.2%
Direct Line Group has reported a 9.3% rise in operating profit for ongoing operations to £461.2m (2011: £421.9m) including an underwriting profit of £28.2m compared to a loss in 2011 of £72.3m and a combined operating ratio of 99.2% (2011: 101.8%).
Operating profit is £277.8m (2011: £344m), which includes £189.5m in restructuring & other one-off costs compared to £54m in the previous year.
By division, only rescue & personal lines produced a sub
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