'Cracks appearing' in DLG reserving policy, Macquarie analysts claim
Direct Line Group posted a £100m rise in operating profit in the first six months of 2015 but analysts at investment bank Macquarie have suggested that “cracks are appearing” in the insurer's reserving policy.
DLG saw operating profit from ongoing operations jump to £335.8m for the first half of 2015 (H1 2014: £235.7m) while the combined operating ratio for ongoing operations improved by 6.7 percentage
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