DLG sees profit drop from high weather claims
Direct Line Group has attributed a 13.1% drop in operating profit for the first half of 2014 to higher weather claims and lower prior-year reserve releases.
The insurer reported an operating profit from ongoing operations of £249.1m (H1 2013: £286.6m) and a total group profit before tax of £225.1m which was a 7.8% increase on its 2013 result of £208.8m.
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