- Dividends paid this year:
Dividend payments this year are equivalent to £63 for each of their 7.6 million policy holders. Both Direct Line and Admiral have indicated to shareholders that they expect dividend payments to continue to increase.
In the first 9 months of 2013, Direct Line made an operating profit of £418m, a 20.1% increase on the same period last years (£348m) and released a further £311.1 million from reserves. It said: “The bulk of the release arose in the Motor division where the Group has experienced favourable development on bodily injury claims, which is currently expected to continue”.
In the first half of 2013, the second largest car insurer saw its profits from the UK market increase 5% to £192.7 million (H1 2012: £183.3 million). This follows a bumper year in 2012 when its profit from the UK car insurance rose 19% to £373m (2011: £314m). Like Direct Line, Admiral admitted it had over-provided and was seeing an ongoing reduction in claims. Its half year statement said: “Higher releases (from reserves) were possible due to the positive claims experience during 2012 and the first half of 2013, which resulted in improvements in the projected ultimate loss ratios, especially for the 2010 to 2012 underwriting years.” Chief executive Henry Englehardt added: “We were able to increase profits largely due to excellent claims experience”.
Injured on the roads? Help and compensation is close at hand.
If you’ve been injured on the roads in the last three years, Thompsons Solicitors' expert road traffic accident solicitors can support you with making a road traffic compensation claim.
Whether you were the driver or passenger in a car, lorry, coach, van, bus, truck, on public transport or were injured as a pedestrian or cyclist, you may be able to claim for damages.
If you have suffered injuries such as whiplash, bruising or a more serious injury following a road traffic collision on the motorway, country lane or city roads, our solicitors across the UK are ready to help you to make a claim and access any rehabilitation you require.
Unlike other firms, Thompsons only ever acts for the injured person – never for insurance companies. This means we will fight harder to secure the maximum level of compensation for your injuries, and don’t need to please motor insurance paymasters.
Contact us today for a free, no obligation assessment of whether you have a claim for compensation following a road accident.
For further information, visit our How to Make A Compensation Claim page.