Direct Line Corrects Solvency Ratio, Remains Stable

Direct Line Insurance (GB:DLG) has released an update.

Direct Line Insurance Group PLC reported a miscalculation in their 2023 Solvency II own funds but reassured stakeholders that the revised solvency capital ratio remains within the company’s risk appetite. The corrected ratio stands at 188%, compared to the previously reported 197%, and a current estimate projects a further increase to around 200% by mid-2024. The company has implemented measures to improve its control environment and will disclose comprehensive half-year results on September 4, 2024.

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