The Vanguard Group Discloses Significant Position in Direct Line Insurance Group

The Vanguard Group, Inc. has revealed its significant shareholding in Direct Line Insurance Group plc, as documented in its Form 8.3 disclosure dated May 7, 2025. Vanguard has disclosed holding 70,780,855 ordinary shares, which translates to a 5.40% stake in Direct Line Insurance. This announcement falls under Rule 8.3 of the Takeover Code, indicating that the stake represents a substantial interest in the company.

The disclosure also extends to Aviva plc, marking Vanguard's broader investment interests in the insurance sector. The transactions recorded include recent purchases totaling 68,702 ordinary shares at a weighted average price of approximately 2.88 GBP per share. The disclosure does not highlight any derivative positions or additional agreements that might influence control over Direct Line Insurance.