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Direct Line's SII capital coverage ratio rises by 8%

Written by Adam Cadle
01/08/2017

Direct Line's Solvency II capital coverage ratio rose by 8% from 165% to 173%, according to the insurer's latest half year report.

The group operates on a PRA approved internal model. "The board has considered the risk appetite range of the group under its Solvency II partial internal model and considers that the appropriate range, which should enable it to meet is operational, regulatory and rating agency requirements is 140% to 180% of its solvency capital requirement," the firm commented.

Gross written premiums rose from £1,613.1m in H1 2016 to £1,694.2m in H1 2017 marking a 5% change.

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