Insurer Direct Line Group has said the UK's recent winter storms are set to cost it at least around £35 million, while it revealed a £1 million bill so far for coronavirus claims in its travel arm.
It said the outbreak has the potential to impact its travel business results this year, while the disruption in equity markets could knock its investments.
Direct Line said: "Like all businesses, we are subject to the consequences of disruption to financial markets and global supply chains which, over time, could impact the performance of our investments and the cost and speed of fulfilling customers' claims." Details of the claims hit came as it reported a 12.2% drop in pre-tax profits to £509.7 million for 2019.
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