Geddes: DLG in great shape and ready to float
Direct Line Group chief executive Paul Geddes has told Post that the business is now “in great shape and ready to go to the market” while setting out targets to improve profitability by 2014.
Geddes has set out his intention to reduce DLG’s combined operating ratio to 98% by 2014 from its 2011 and 2010 levels of 102% and 121% respectively.
It also intends to reduce its commercial COR to
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