DLG's £40m summer flood loss offset by reserve releases
Direct Line Group has reported home weather claims costs of £40m, conceding that losses were worse than expected but offset by "signficant" releases from reserves held against prior year claims across the portfolio.
Despite this, this insurer posted a stable gross written premium of £2bn during the first half of the year and operating profit grew to £219m, a £13m increase on last year.
The combined operating
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