Acting chief executive Jon Greenwood said 2022 was a ‘tough year’
Direct Line saw its profits nosedive in 2022 after it was hit by the highest level of claims from major weather events since it listed a decade ago.
The insurer’s full year underlying gross written premiums fell 3.2% to £2.97bn, of which £2.09bn were own brand policies – this fell 5.5% year on year.
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