RBS Royal Bank of Scotland Group PLC

   By Rory Gallivan 
 

LONDON--Direct Line Insurance Group PLC (DLG.LN) reported a rise in full-year profit and said it is hitting targets it set out at its stock market flotation in 2012.

The U.K. car, home, pet and travel Insurance company Tuesday reported a net profit of 372.6 million pounds ($577.4 million) for the year ended December 31, up from GBP312.8 million the previous year.

Combined operating ratio for ongoing operations was 95% for 2014, down 0.2 percentage points from the previous year. A combined operating ratio below 100% means that an insurance company is making a profit on its operations.

Direct Line said it expects in 2015 to achieve a combined operating ratio in the range of 94% to 96% for ongoing operations after normalizing for claims from major weather events.

Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

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