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DIISY / Direct Line's warning surprises City analysts as it fails to weather the storm

Direct Line Insurance Group PLC (LSE:DLG) caught the City by surprise today axing its dividend and stating its capital is at the lower end of the targeted range sending shares tumbling by 26%. After taking a hit in the summer from hot weather which led to a rise in subsidence-related claims the FTSE 250-listed insurer has now reported a cold snap in December had led to more accidents on the road and customers experiencing burst pipes and water tanks sparking a surge in claims. Read More

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Posted: Jan 11 2023, 07:58

Author Name: Proactive Investors

DIISY News

By Proactive Investors
May 5, 2023

Direct Line: some investors betting on evidence of recovery underway

Direct Line Insurance Group PLC (LSE:DLG) on Tuesday will provide its third update of 2023, with the previous two having seen its shares tumble 40% b

By Proactive Investors
January 27, 2023

Direct Line Insurance says its chief executive officer, Penny James has agreed to step down from the role

Direct Line Insurance Group PLC (LSE:DLG) said its chief executive officer (CEO), Penny James has agreed with the insurer's board that she will step

By Proactive Investors
January 26, 2023

Direct Line Insurance boosts its solvency capital ratio through strategic reinsurance agreements

Direct Line Insurance Group PLC (LSE:DLG) has boosted its solvency capital ratio through strategic reinsurance agreements as it tries to recover grou

By Proactive Investors
January 11, 2023

Direct Line's warning surprises City analysts as it fails to weather the storm

Direct Line Insurance Group PLC (LSE:DLG) caught the City by surprise today axing its dividend and stating its capital is at the lower end of the targ

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