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Plunging motor claims sees significant improvement in Direct Line loss ratio

By 2020-08-05T14:53:00

car money up

The insurer’s attritional loss ratio in motor improved by 17.9 percentage points therefore it has reinstated its dividends that it previously halted in April, however it remains cautious given the uncertainty of the pandemic

Direct Line has reinstated its dividend payments following a drop in motor claims according to its 2020 half year financial results.

The current year loss ratio in Motor improved by 17.9 percentage points to 65.5% (H1 2019: 83.4%).

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