BREAKING NEWS

BREAKING NEWS

Insurer Direct Line's full-year profit falls

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 -
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Suzanne Plunkett(Reuters)
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(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)

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