Moody’s downgrades Direct Line’s outlook to ‘negative’ after dividend dropped

17 January 2023

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Moody’s Investors Service has changed its outlook on Direct Line Insurance Group (DLG) from ‘stable’ to ‘negative’ after the insurer, in guidance on 2022 profitability published last week, cancelled its final dividend for 2022.

The change in outlook reflects the firm’s deterioration in profitability during year end 2022, Moody’s said, and the expected earning headwinds in 2023 because of high claims inflation and difficult pricing conditions in the UK retail P&C market.

Similarly,

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Moody’s downgrades Direct Line’s outlook to ‘negative’ after dividend dropped

Moody’s Investors Service has changed its outlook on Direct Line Insurance Group (DLG) from ‘stable’ to ‘negative’ after the insurer, in guidance on 2022 profitability published last week, cancelled its final dividend for 2022.

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Moody’s downgrades Direct Line’s outlook to ‘negative’ after dividend dropped

Moody’s Investors Service has changed its outlook on Direct Line Insurance Group (DLG) from ‘stable’ to ‘negative’ after the insurer, in guidance on 2022 profitability published last week, cancelled its final dividend for 2022.

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Behind the Headlines: Israel escalation and Convex's Paul Brand on building and running a $4bn (re)insurer

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Aspen shelves IPO amidst deteriorating market sentiment

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