RE: Flat and Lacklustre Results5 May 2021 08:36
LONDON, May 5 (Reuters) - Direct Line reported a
4.7% fall in gross written premiums in the first quarter,
pressured by low levels of new car sales and fewer new drivers,
the British motor and home insurer said on Wednesday.
Premiums fell to 752 million pounds ($1.04 billion), of
which 521 million were through direct brands, the insurer said
in a statement.
In addition to the Direct Line brand, the insurer's brands
include Churchill, Darwin and Privilege as well as Green Flag
rescue policies. Direct Line also sells insurance through
partnerships.