Direct Line profit falls; CEO to step down in 2019

Direct Line Insurance Group PLC (DLG.LN) said Wednesday that first-half net profit fell 13%, as Chief Executive Paul Geddes announced his intention to step down. The insurance company said profit for the six months ended June 30 fell to 238.8 million pounds ($313.6 million) from GBP275.5 million in the year-earlier period.

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