Full Year Results 

Direct Line announces £150m share buyback

Direct Line announces £150m share buyback

The impact of changes to the Ogden discount rate, used to calculate compensation to accident victims, may have reduced Direct Line’s (DLG) underwriting profits last year, but an improvement in attritional losses meant that result came in ahead of consensus expectations. The combined operating ratio – calculated as claims costs as a proportion of premium income – of 92.2 per cent was better than the 93.1 per cent anticipated by market analysts.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now