IFRS 17 update

RNS Number : 2936J
Direct Line Insurance Group PLC
12 December 2022
 

 

12 December 2022

 

 

Direct Line Group IFRS 17 update

 

 

Direct Line Insurance Group plc (the "Group") has released presentation slides on its website on the implementation of IFRS 17 and how this will apply to the Group.

 

Neil Manser (CFO) will be hosting a call at 10.00am (GMT) to discuss the technical changes in relation to IFRS 17.  Slides and call details can be found on the Direct Line Group website . A replay of the call will be available in the afternoon.

 

IFRS 17 does not impact the economics of the Group or its dividend paying capacity. It will result in several presentational changes in the income statement and balance sheet which the Group believes should improve comparability between insurers and be beneficial for investors.

 

 

 

 

For further information, please contact:

Paul Smith

Director of Business Performance, Reporting and Investor Relations

Tel: +44 (0)7795 811 263

 

Will Sherlock

Group Corporate Affairs and Sustainability Director

Tel: +44 (0)7786 836 562

 

 

 

 

LEI: 213800FF2R23ALJQOP04

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
STRFFAFAFEESEFE
UK 100

Latest directors dealings