From Investing.com: 2024-11-11 04:32:09

Direct Line Group shares rose after reporting mixed progress in Q3 2024 due to challenging motor insurance market conditions. Despite increased bodily injury claims and slowing policy growth, motor own-brand premiums were up 2.9%. Non-motor categories saw strong growth, with home insurance premiums up 21.6% and non-motor sectors up as well.

The company aims for 7% to 10% annual growth in gross written premiums through 2026 and plans to save £100 million in costs by 2025. Direct Line remains positive about its restructuring efforts, but notes that current trading conditions may impact immediate performance, especially in motor insurance.



Read more at Investing.com: Direct line shares up after Q3 update shows strong premium growth in key segments By Investing.com