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Direct Line Insurance Group PLC (DLGD.L)

DLGD.L on London Stock Exchange

280.30GBp
12 Nov 2019
Change (% chg)

3.40 (+1.23%)
Prev Close
276.90
Open
276.70
Day's High
280.90
Day's Low
276.70
Volume
3,296,868
Avg. Vol
4,651,931
52-wk High
367.00
52-wk Low
270.40

Latest Key Developments (Source: Significant Developments)

Direct Line Appoints Tim Harris As CFO
Monday, 16 Sep 2019 

Sept 16 (Reuters) - Direct Line Insurance Group PLC ::DIRECT LINE INS GRP - DIRECT LINE GROUP APPOINTS NEW CFO.DIRECT LINE INSURANCE GROUP PLC - TIM HARRIS WILL JOIN COMPANY AS CHIEF FINANCIAL OFFICER AND BOARD AS AN EXECUTIVE DIRECTOR ON 1 OCTOBER 2019.DIRECT LINE INSURANCE GROUP PLC - TIM WAS DEPUTY CHIEF EXECUTIVE AND GROUP FINANCE DIRECTOR OF ROYAL LONDON GROUP UNTIL 12 JULY 2019.  Full Article

Direct Line Insurance Appoints 3 New Members To Executive Committee
Wednesday, 12 Jun 2019 

June 12 (Reuters) - Direct Line Insurance Group PLC ::DIRECT LINE INSURANCE GROUP PLC - HAS APPOINTED THREE NEW MEMBERS TO EXECUTIVE COMMITTEE.DIRECT LINE INSURANCE GROUP PLC - GUS PARK, CURRENTLY MANAGING DIRECTOR OF MOTOR, WILL BECOME MANAGING DIRECTOR OF MOTOR, PRICING AND UNDERWRITING.DIRECT LINE - RESCUE & RECOVERY SERVICE WILL MOVE ACROSS INTO COMMERCIAL CUSTOMER OPERATIONS; CONDUCT TO MOVE ACROSS INTO CHIEF OPERATING OFFICE.DIRECT LINE-KATE SYRED, HOUSEHOLD & PARTNERSHIPS MD, TO HAVE REMIT EXTENDED TO INCLUDE LEADING CUSTOMER OUTCOMES INITIATIVES, MAPPING OUT GROWTH PATH.  Full Article

Direct Line Insurance Says Will Not Be Immune In Event Of Disruptive Brexit
Tuesday, 5 Mar 2019 

March 5 (Reuters) - Direct Line Insurance Group PLC ::DIRECT LINE INS GRP - PRELIMINARY RESULTS YEAR ENDED 31 DECEMBER 2018.DIRECT LINE INSURANCE GROUP - BOARD IS ABLE TO ANNOUNCE A FINAL DIVIDEND OF 14.0P, AN INCREASE OF 2.9% ON LAST YEAR, AND A SPECIAL DIVIDEND OF 8.3P.DIRECT LINE INSURANCE GROUP PLC - CONTINUES TO TARGET A COMBINED OPERATING RATIO OF 93% TO 95% IN 2019 AND OVER MEDIUM TERM.DIRECT LINE INSURANCE GROUP PLC- FY PROFIT BEFORE TAX INCREASED BY 8.1% TO £582.6 MILLION (2017: £539.0 MILLION).DIRECT LINE INSURANCE GROUP PLC - IN 2019, TARGETING OPERATING EXPENSES BELOW £700 MILLION.DIRECT LINE INSURANCE GROUP PLC - REITERATION OF ONGOING TARGET OF ACHIEVING AT LEAST A 15% RETURN ON TANGIBLE EQUITY.DIRECT LINE - SOLVENCY CAPITAL RATIO OF 170% (AFTER PROPOSED DIVIDENDS) REFLECTING PRUDENCE GIVEN CURRENT POLITICAL AND ECONOMIC UNCERTAINTIES.DIRECT LINE INSURANCE GROUP PLC - WEATHER RETURNED TO NORMAL LEVELS IN 2018 AFTER A BENIGN 2017.DIRECT LINE INSURANCE GROUP - WEATHER RETURNING TO NORMAL LEVELS OFFSET NON-REPEAT IN 2018 OF £57 MILLION NON-CASH IMPAIRMENT CHARGE INCURRED IN 2017.DIRECT LINE INSURANCE GROUP PLC - OVERALL, CURRENT-YEAR COMBINED OPERATING RATIO WAS STABLE.DIRECT LINE INSURANCE GROUP PLC - GREW IN-FORCE POLICIES BY 1.9% TO 4.1 MILLION IN FY.DIRECT LINE INSURANCE GROUP PLC - GROSS WRITTEN PREMIUM WAS BROADLY STABLE AT £1,671 MILLION IN FY.  Full Article

Direct Line's CFO Penny James To Succeed Paul Geddes As CEO
Tuesday, 26 Feb 2019 

Feb 26 (Reuters) - Direct Line Insurance Group Plc ::DIRECT LINE GROUP APPOINTS NEW CEO.PENNY JAMES, DLG'S CHIEF FINANCIAL OFFICER HAS BEEN SELECTED TO SUCCEED PAUL GEDDES AS CHIEF EXECUTIVE.PENNY JAMES TO SUCCEED PAUL GEDDES AS CHIEF EXECUTIVE WITH EFFECT FROM CONCLUSION OF ANNUAL GENERAL MEETING.PAUL WILL STEP DOWN AS A MEMBER OF BOARD FOLLOWING AGM ON 9 MAY 2019 AND WILL LEAVE GROUP AT END OF JULY 2019 .COMPANY HAS LAUNCHED SEARCH FOR A NEW CFO.  Full Article

Direct Line Insurance Says Cold Weather Hurts Profit
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - Direct Line Insurance Group PLC ::INTERIM DIVIDEND 7 PENCE PER SHARE.H1 GROSS WRITTEN PREMIUM 1,610.3 MILLION STG VERSUS 1,694 MILLION STG YEAR AGO.STRATEGIC PROGRESS ON TRACK.H1 COMBINED OPERATING RATIO 93 PERCENT VERSUS 88.6 PERCENT YEAR AGO.H1 OPERATING PROFIT 303.1 MILLION STG VERSUS 359.7 MILLION STG YEAR AGO.H1 SOLVENCY CAPITAL RATIO POST-DIVIDEND - ESTIMATED 169% VERSUS 165%.MOTOR DIVISION GREW IN-FORCE POLICES 2.1% IN YEAR TO 4.0 MILLION AND PREMIUMS GREW 1.9% TO £839.8 MILLION IN H1.REITERATE OUR FINANCIAL TARGETS.HY UNDERWRITING PROFIT FELL TO £108.6 MILLION PREDOMINANTLY DUE TO £75 MILLION OF WEATHER CLAIMS MAINLY ASSOCIATED WITH MAJOR FREEZE IN Q1 2018.PREMIUM RATES CONTINUED TO FALL Q-ON-Q, ADJUSTING RATIONALLY TO GOVERNMENT'S PROPOSALS TO REVISE PROCESS FOR SETTING OGDEN DISCOUNT RATE.MINDFUL OF DELAY TO GOVERNMENT'S WHIPLASH PROPOSALS, NOW EXPECTED TO TAKE EFFECT IN APRIL 2020, 12 MONTHS LATER THAN PREVIOUSLY INDICATED.FOR 2018, GROUP EXPECTS TOTAL INVESTMENT RETURN IN REGION OF £150 MILLION.REITERATION OF 2018 CURRENT FINANCIAL TARGETS AND OVER MEDIUM TERM OF ACHIEVING COMBINED OPERATING RATIO IN RANGE OF 93% TO 95%.  Full Article

Direct Line Insurance Completes Capital Management Exercises​
Friday, 8 Dec 2017 

Dec 8 (Reuters) - Direct Line Insurance Group Plc ::ANNOUNCES SUCCESSFUL COMPLETION OF CAPITAL MANAGEMENT EXERCISES​.‍TENDER OFFER RESULTED IN REPURCHASE OF £250M NOMINAL OF TIER 2 DEBT AT A VALUE OF C.£327M BEFORE ACCRUED INTEREST​.‍REMAINING £250M (NOMINAL) HAS A FIRST CALL DATE OF 27 APRIL 2022​.‍NET RESULT OF THESE TRANSACTIONS WILL BE AN IFRS POST-TAX CHARGE FOR YEAR ENDING 31 DECEMBER 2017 OF CIRCA £53M​.‍PRE-TAX CHARGE WILL BE TAKEN PRIMARILY THROUGH 'FINANCE COSTS' LINE OF GROUP INCOME STATEMENT​.‍TRANSACTIONS BENEFIT SOLVENCY CAPITAL REQUIREMENT COVERAGE RATIO BY CIRCA 2PPT.THERE WILL BE NO MATERIAL IMPACT ON GROUP'S DIVIDEND CAPACITY AS A RESULT OF TRANSACTIONS​.  Full Article