Direct Line Insurance Group plc (DIISF)

Direct Line earnings disappoint; shares slip

In the first half of 2024, Direct Line reported an operating profit of £64 million, which fell short of the consensus estimate of £85 million. This was primarily due to weaker-than-expected results in the Motor insurance segment, though the company showed stronger performance in other areas. The Net Insurance Margin for the group was reported at 1.8%, which was notably below the consensus estimate of 3.0%.