Solvency II internal model approved by the PRA

RNS Number : 0611B

Direct Line Insurance Group PLC

14 June 2016

 

Direct Line Insurance Group plc

Solvency II Group-wide partial internal model approved by

the Prudential Regulation Authority

14 June 2016

Direct Line Insurance Group plc (the "Group"), is pleased to confirm that it has received approval from the Prudential Regulation Authority for the use of its Group-wide partial internal model (the "PIM") to calculate the Group Solvency Capital Requirement under the Solvency II regime. In line with management's previous expectations, this approach will enable the Group to operate under the PIM from 1 July 2016.

Further detail on the Group's Solvency II capital position will accompany the Group's half year results which will be published on 2 August 2016.

-ENDS-

For investor and media enquiries please contact:
Andrew Broadfield
Director of Investor Relations
Tel: [phone]
Jennifer Thomas
Head of Financial Communications
Tel: [phone]

 

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