Direct Line Group is undergoing a significant turnaround, consulting on cutting around 550 roles as part of its strategy to save £50 million by 2025.
The group announced a reduction in motor insurance customers, down by 11% year on year, indicating challenges in the current market.
Chief executive Adam Winslow emphasized that the company is in the early stages of its turnaround, with recent trading not yet reflecting the actions taken.
Winslow stated that despite challenges, the steps being taken are aimed at achieving enhanced profitability and growth in the future.
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