This content is not available in your region

Insurer Direct Line's full-year profit falls

Access to the comments Comments
Insurer Direct Line's full-year profit falls
FILE PHOTO: A photo illustration shows insurance renewal notices from Direct Line in London October 10, 2012. REUTERS/Suzanne Plunkett   -   Copyright  Suzanne Plunkett(Reuters)
Text size Aa Aa

(Reuters) – Britain’s largest motor insurer Direct Line Insurance Group Plc reported lower 2018 earnings on Tuesday, hit by a fall in insurance prices, and warned that it would not be immune to a “disruptive Brexit” despite steps taken to mitigate the impact.

The FTSE 100 firm, best known for its Churchill, Green Flag and Privilege brands, was also impacted by a long, icy winter and hot summer. Its operating profit fell to £601.7 million, for the year ended Dec. 31, from £642.8 million.

(Reporting by Muvija M and Noor Zainab Hussain in Bengaluru)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on for a limited time.