Direct Line's Progress in Claims Trends, Motor Margins Reassures -- Market Talk

Dow Jones05-08

0753 GMT - Direct Line's update shows reassuring progress, Jefferies says in a note after the British insurer's first-quarter results. Given recent updates, the fact that claims trends and motor margins continue to develop in line with views and estimated written margins are maintained above 10% is reassuring, analysts write. The only disappointing takeaway from the update is that the number of active policies continues to shrink driven by policy count losses accelerating in Motor direct own brands, they write. Shares, which are up 2.2% year to date, slip 1.4% to 186 pence. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

May 08, 2024 04:02 ET (08:02 GMT)

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The only disappointing takeaway from the update is that the number of active policies continues to shrink driven by policy count losses accelerating in Motor direct own brands, they write. Shares, which are up 2.2% year to date, slip 1.4% to 186 pence. 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Given recent updates, the fact that claims trends and motor ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PRGS","symbol_name":"Progress Software Corporation","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2433196687","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2433196687","pubTimestamp":1715155320,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0753 GMT - Direct Line's update shows reassuring progress, Jefferies says in a note after the British insurer's first-quarter results. 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