Direct Line Insurance Group PLC (DLGD.L)
Britain's largest motor insurer Direct Line said its long-standing chief Paul Geddes would step down next year, as its first-half profit took a beating from the cold winter.
* Shares down 3.5 pct (Adds CEO, analyst comments, share movement)
Aug 1 Britain's largest motor insurer, Direct Line Insurance Group Plc, reported on Wednesday a 15.7 percent drop in first-half operating profit, hurt by a long, icy winter, and said its chief executive officer would step down in 2019.
May 2 British motor and home insurer Direct Line Insurance Group reported a 5 percent fall in quarterly gross written premiums and said claims linked to Britain's recent cold weather snap would utilise almost all the company's annual weather budget.
* DIRECT LINE INSURANCE GROUP PLC - Q1 TOTAL GROSS WRITTEN PREMIUM 769.9 MILLION POUNDS VERSUS 810.3 MILLION POUNDS A YEAR AGO
May 2 British motor and home insurer Direct Line Insurance Group reported a 5 percent fall in quarterly gross written premiums and said claims linked to Britain's recent cold weather snap to utilise the company's full annual weather budget.
Feb 27 Direct Line Insurance Group raised its special dividend from last year as strong performance in its motor brands, rising premiums and favourable claims helped it post a 51.4 percent rise in 2017 operating profit.