Geddes trumpets DLG reserve releasing in ‘strong' H1 results
Direct Line Group CEO Paul Geddes says the insurer should "claim some credit" for its reserve releasing in the first half of 2015, which demonstrated a shift from its usually conservative reserving stance.
DLG released its results for the six months ending 30 June 2015 today (4 August) reporting a jump in operating profit to £335.8m (H1 2014: £235.7m) and an improved combined operating ratio of 89.4%
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