Direct Line Insurance Group PLC

DLG: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	GBX 636.00	Smd	Qkyzbtbm

Direct Line CEO Steps Down

Henry Heathfield

Jan 27, 2023

After Direct Line encountered inflation, weather, and commercial property valuation elements that meant it could not pay its final dividend, it shored up its balance sheet through reinsurance, and on Jan. 27, 2023, CEO Penny James announced her resignation. The news comes after a fraught few weeks for the business—yet we’re not necessarily fans of the announcement. Jon Greenwood, currently chief commercial officer will be acting CEO until the board makes a permanent appointment.

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