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Insurer Direct Line reports 9.5 percent rise in first-half profit

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Insurer Direct Line reports 9.5 percent rise in first-half profit

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Direct Line Insurance Group <DLGD.L>, Britain’s largest motor insurer, reported a 9.5 percent rise in first-half profit on higher insurance. Direct Line, whose brands include Churchill, Green Flag and Privilege, said operating profit from ongoing operations rose to 354.2 million pounds ($467.93 million) for the six months, from 323.6 million a year earlier. Gross written premiums rose 5 percent to 1.69 billion pounds, with a 10 percent rise in gross written motor premiums. The company also raised its interim dividend by 1.9 pence to 6.8 pence per share. ($1 = 0.7569 pounds)

(Reporting by Noor Zainab Hussain and Arathy S Nair in Bengaluru; editing by Jason Neely)
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