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DIISY / 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% by the end of March. Last year saw a 95% collapse in profits after what it called “a tough year”, hit by elevated motor claims inflation, higher-than-expected weather event claims, new regulatory changes and challenging investment markets, all combining to push the operating ratio over 100%, essentially signalling loss-making territory for an insurer, with its Solvency II ratio dropping to 147% from 176%. Read More

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Posted: May 5 2023, 11:46

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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