Direct Line posted a 2023 operating loss as it grapples high motor claims inflation, but reinstated its dividend as the British home and motor insurer tries to fend off takeover offers from Belgian rival Ageas.
The 189.6 million pound ($242.6 million) operating loss from ongoing operations compares to a loss of 6.4 million pounds in 2022.
The insurer, whose brands also include Churchill, Darwin and Privilege as well as Green Flag rescue policies, has in recent weeks shot down two takeover proposals from Ageas.
Update: UK Insurer Direct Line Rejects Ageas’ Sweetened Buyout Proposal
Ageas