Direct Line Insurance Group PLC has provided an update on its solvency capital ratio in advance of its half-year results. The company identified a miscalculation in its audited Solvency II own funds for the year ended 2023, specifically related to the treatment of a reinsurance arrangement. The corrected solvency capital ratio at year-end 2023 was 188%, above the Group's risk appetite range. The estimated solvency capital ratio at June 30, 2024, is around 200%, driven by capital generation from operating earnings, one-off benefits from partnerships, and market movements. The Group has taken action to strengthen the control environment in the area where the miscalculation occurred. The half-year results will be reported on September 4, 2024.