Significant number of DLG shareholders vote against directors’ remuneration report

Direct Line Group (DLG) has responded to shareholders after a significant number voted against its directors’ remuneration report.

The results of the group’s annual general meeting, published on 14 May 2025, showed that 36.5% were against the report, while 63.5% were in favour.

However, all the other 24 resolutions received approval of above 95% – and DLG said it had “acknowledged the outcome of the vote relating to the directors’ remuneration report”.

“The board appreciates the support shown by shareholders for the resolutions at today’s AGM,” it added.

“While we welcome the backing of the majority of our shareholders for that resolution following engagement on remuneration, we will continue to engage with shareholders in constructive and open dialogue for so long as we remain an independent listed company.

“The company will provide an update to shareholders within six months of today’s meeting to the extent that the acquisition by Aviva has not occurred by then.”

Winslow payday

This comes after DLG chief executive Adam Winslow was handed a huge pay day ahead of Aviva’s planned £3.7bn takeover of the insurer.

According to DLG’s annual report, published on 4 March 2025, Winslow secured more than £7.8m in 2024, boosted by a £5.8m payment as compensation for awards forfeited from his previous employer upon joining DLG in 2024.

Winslow was previously chief executive of Aviva’s General Insurance business, a role he held for just under three years.