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Direct Line Insurance Group PLC IFRS 17 and IFRS 9 Teach-In (Q&A Session) Transcript
Hello, everyone, and welcome to the Direct Line Group IFRS 17 Teaching Call. My name is Daisy, and I'll be coordinating your call today. (Operator Instructions) I'd like to hand the call over to your host, Neil Manser, the Chief Financial Officer at Direct Line Group to begin. So Neil, please go ahead.
Thanks, Daisy, and good morning, everyone, and thank you for joining us for our IFRS 17 briefing this morning. Now I know you've sat through many of these presentations over the past few weeks. So I'm going to keep the comments upfront brief, only referencing a few pages in the pack we sent out, and then we can get into any questions you have.
The key messages we want you to take away from today are set out on Slide 2. First and most importantly, these accounting changes do not impact the economics of our business or our dividend paying capacity. Secondly, the standards will drive several presentational changes in the income statement and balance sheet, which we think improves
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