Insurance Post

Post Intelligence – company profile: Direct Line Insurance Group plc

Direct Line Group

Compared to an operating loss of £375m in FY10, Direct Line returned an operating profit in 1H13 of £287m, up 28% year-on-year.

The annual savings target has been upped to c. £230m, including the loss of c. 2000 jobs. Analysts question Direct Line's earnings growth beyond 2015.

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