Insurer Direct Line notches up an increase in half-year profits to £261.3m despite a slump in motor claims

By City & Finance Reporter for the Daily Mail

Published: | Updated:

Direct Line has notched up an increase in half-year profits amid a slump in motor claims

Direct Line has notched up an increase in half-year profits amid a slump in motor claims

Insurer Direct Line has notched up an increase in half-year profits amid a slump in motor claims. 

Britain’s biggest motor insurer, which owns the Direct Line and Churchill brands, posted a 10.5 per cent rise in pre-tax profits to £261.3 million for the six months to June 30. 

Motor claims fell, with lockdowns and remote working keeping people off roads, alongside falling new car sales and fewer new drivers. Direct Line hailed a robust performance across its home insurance arm, commercial division and the roadside rescue business and unveiled a 7.6p a share interim dividend, up 2.7 per cent on 2020.     

Insurer Direct Line notches up an increase in half-year profits to £261.3m

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