Direct Line Insurance Group plc (LON: DLG)

London flag London · Delayed Price · Currency is GBP · Price in GBX
158.00
+2.80 (1.80%)
Nov 22, 2024, 6:29 PM BST
-16.75%
Market Cap 2.05B
Revenue (ttm) 3.38B
Net Income (ttm) 302.60M
Shares Out 1.30B
EPS (ttm) 0.23
PE Ratio 6.88
Forward PE 10.00
Dividend 0.04 (2.58%)
Ex-Dividend Date n/a
Volume 1,166,529
Open 151.80
Previous Close 155.20
Day's Range 151.80 - 158.60
52-Week Range 147.10 - 240.10
Beta 0.42
Analysts n/a
Price Target n/a
Earnings Date Nov 1, 2024

About DLG

Direct Line Insurance Group plc engages in the provision of general insurance products and services in the United Kingdom. The company operates through Motor, Home, Rescue and Other Personal Lines, and Commercial segments. It offers motor, home, van, landlord, rescue, pet, tradesperson, business, creditor and select, and travel insurance products, as well as commercial insurance for small and medium-sized enterprises. The company also provides management, motor accident vehicle repair, insurance intermediary, support and operational, legal, sof... [Read more]

Sector Financials
Founded 1985
Employees 10,131
Stock Exchange London Stock Exchange
Ticker Symbol DLG
Full Company Profile

Financial Performance

Financial Statements

News

Direct Line to axe about 550 jobs as part of £50m cost-cutting drive

Company to shed about 6% of its workforce of 9,000 as it loses car insurance customers Business live – latest updates Direct Line is to axe about 550 jobs as part of a cost-cutting drive at the insura...

11 days ago - The Guardian

Direct Line to cut 550 jobs in turnaround effort

UK motor insurer targets £50mn cost savings in 2025 after bruising period

11 days ago - Financial Times

UK Motor Insurer Direct Line to Cut 550 Jobs in Turnaround Bid

Direct Line Insurance Group Plc, the UK insurer that rejected a takeover attempt by Belgian rival Ageas SA earlier this year, is set to cut about 550 jobs as part of a turnaround plan aimed at saving ...

11 days ago - BNN Bloomberg

Direct Line to axe 550 jobs under cost-cutting plan

The insurer is looking to slash costs by £50 million in 2025.

12 days ago - Evening Standard

Direct Line to cut 550 jobs as motor insurance weighs

Direct Line has revealed a cost-cutting plan that is expected to lead to 550 job losses.

12 days ago - Sky News

Companies Reporting: Direct Line, AstraZeneca, Alibaba

Direct Line, AstraZeneca, Alibaba are amongst the FTSE 350 and other companies reporting earnings for the week of 11 November

15 days ago - The Armchair Trader

Direct Line returns to profit but loses almost 500,000 customers - here is what it means

Direct Line posted a pre-tax profit of 61.6m for the six months to June 30, compared to losses of more than 75m a year ago - what does it mean for the insurance sector?

2 months ago - MoneyWeek

Direct Line sees return to profit fall short and motor customers quit

The firm reported pre-tax profits of £61.6 million for the six months to June 30 against losses of £76.3 million a year ago.

2 months ago - Evening Standard

UK insurer Direct Line misses profit view as motor arm disappoints

Britain's Direct Line Insurance missed expectations for its half-year operating profit on Wednesday, after struggling to reinvigorate its business, but said it expected margins to improve at its motor...

2 months ago - Reuters

Blow for Direct Line as it suffers figures blunder

The firm miscalculated a measure of its financial strength at the end of last year, just five months after Winslow was tasked with reviving the struggling insurer's fortunes.

3 months ago - This is Money

Direct Line: Despite Discounted Valuation, Risk-Reward Profile Is Not Attractive Enough

Direct Line trades at a discount due to weak operating performance and turnaround program execution risk. Recent interest from Ageas in acquisition suggests potential undervaluation, but Direct Line's...

4 months ago - Seeking Alpha

UK's Direct Line to list on price comparison websites in strategy shift

British insurer Direct Line will launch its eponymous motor insurance brand on price comparison websites, it said on Wednesday, in a major turnaround by new CEO Adam Winslow.

4 months ago - Reuters

U.K. Dividend Stocks Portfolio Q1 2024: Results Season Review

The UK Dividend Stocks Portfolio also had a generally good results season.In terms of activity, I added two new holdings to the portfolio, one in January and one in February.

8 months ago - Seeking Alpha

Ageas SA/NV announces no offer will be made for Direct Line Insurance Group plc

Regulated information • Inside information • Brussels, 22 March 2024 – 19:30 (CET).

8 months ago - GlobeNewsWire

Direct Line Insurance Group plc (DIISF) Q4 2023 Earnings Call Transcript

Direct Line Insurance Group plc (DIISF) Q4 2023 Earnings Call Transcript

8 months ago - Seeking Alpha

Ageas SA/NV confirms improved possible offer for Direct Line Insurance Group Plc

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART), DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULA...

9 months ago - GlobeNewsWire

U.K. Dividend Stocks Portfolio: 2023 Year-End Review

In terms of dividend yield, there was a clear gap between the portfolio's yield and the All-Share's yield throughout 2023 and by the end of the year, the portfolio had a dividend yield of exactly 5% c...

11 months ago - Seeking Alpha

Direct Line Insurance Group PLC (DIISF) Q2 2023 Earnings Call Transcript

Direct Line Insurance Group PLC (OTCPK:DIISF) Q2 2023 Earnings Conference Call September 7, 2023 4:30 AM ET Company Participants Jonathan Greenwood - Acting Chief Executive Officer Neil Manser - Chief...

1 year ago - Seeking Alpha

Direct Line Shares Rocket 17%+ On Asset Sale News, Half-Year Update

Direct Line Insurance Group announced the sale of its brokered commercial insurance business to RSA Insurance for a fee that could rise to £550 million.

1 year ago - Forbes

Direct Line Insurance: Too Cheap, Warts And All

Direct Line shares have sold-off significantly over the past twelve months, as poor underwriting results led to a FY 2022 loss and the suspension of its dividend. Although some elements like higher we...

1 year ago - Seeking Alpha

Top 40 High-Yield Blue-Chip U.K. Stocks: Spring 2023

Much has changed since the last update in September, with banks now hogging many of the top spots. Bank shares have gone down in the last couple of weeks and their dividend yields have gone up, becaus...

1 year ago - Seeking Alpha

Direct Line: There Is Better Value Elsewhere

Direct Line is an U.K. insurance company, with a business profile heavily geared to the motor segment. In 2022, its operating performance was quite bad as the company suffered from higher inflation, b...

1 year ago - Seeking Alpha