Half Year Results 

Direct Line income rebounds

Direct Line income rebounds

Direct Line (DLG) achieved a 10 per cent rise in motoring gross written premiums in the six months to June 2017, with its eponymous insurance brand leading the way, and shareholders received a surprise rebasing of the ordinary dividend. A half-year dividend of 6.8p a share will represent one-third of the total payout, which implies that the forward yield on the full-year dividend is 5.2 per cent.

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