“I am pleased to announce a strong set of results driven by our resilient business model which performed well in a highly competitive market. We have added a million direct own brand policies since 2014 showing that our customers value our brands, propositions, and service.”
Those were the words of outgoing chief executive Paul Geddes when Direct Line Insurance Group Plc (DLG) released its preliminary results for 2018 this morning. The figures for the year ended December 31, however, showed a decrease in gross written premium (GWP), underwriting profit, and operating profit.
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