Edition:
India

Direct Line Insurance Group PLC (DLGD.L)

DLGD.L on London Stock Exchange

348.30GBp
5:56pm IST
Change (% chg)

-0.40 (-0.11%)
Prev Close
348.70
Open
347.90
Day's High
349.40
Day's Low
346.80
Volume
999,956
Avg. Vol
5,857,774
52-wk High
411.30
52-wk Low
345.90

Latest Key Developments (Source: Significant Developments)

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

Direct Line Insurance says 9-month gross written premium up by 4.2 pct to 2.60 bln pounds
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - DIRECT LINE INSURANCE GROUP PLC ::TOTAL IN-FORCE POLICIES HAVE INCREASED BY 0.2% SINCE 30 SEPTEMBER 2016​.‍9-MONTH GROSS WRITTEN PREMIUM OF £2,601.4M INCREASED BY 4.2% COMPARED WITH FIRST NINE MONTHS OF 2016​.‍MOTOR, COMMERCIAL AND RESCUE BUSINESSES CONTINUED TO TRADE WELL IN QUARTER​.IN 2017 CO EXPECTS TO DELIVER COMBINED OPERATING RATIO AROUND MIDDLE OF TARGET RANGE OF 93% TO 95%.‍ON CLAIMS, DAMAGE SEVERITY REMAINED AT ELEVATED LEVELS, WHILE FREQUENCY SO FAR THIS YEAR HAS BEEN BETTER THAN EXPECTED.‍IN LINE WITH GROUP'S PREVIOUSLY STATED TARGETS, FY BUSINESS AS USUAL EXPENSE RATIO IS EXPECTED TO BE LOWER THAN 2016.‍GROUP NOW EXPECTS TO ACHIEVE 2.5% INVESTMENT INCOME YIELD IN 2017 VERSUS PREVIOUS EXPECTATION OF 2.4% INVESTMENT INCOME YIELD​.  Full Article

Direct Line H1 pretax profit 298.5 mln stg
Tuesday, 2 Aug 2016 

Direct Line Insurance Group Plc : Interim dividend 10 penceper share . H1 pretax profit 298.5 million stg versus 315 million stg year ago . Gross written premium for ongoing operations 1 3.9% higher, with strong growth in motor in-force policies (up 2.5%) and premium rates (up 9.5%) . Motor current-year attritional loss ratio 1 improved by 1.0pt . Post dividends, group's estimated solvency ii capital 3 coverage ratio was 184% (pre-dividends: 199%) . Was well prepared for uk's referendum on eu and has actively managed impacts from current volatile financial markets . Is a uk-based business underwriting risks within uk, and it is business as usual for day-to-day operations . Business has been working through requirements of act over past 12 months and expects to deliver these appropriately for customers and brokers . If current trends continue throughout second half, group expects ratio for full year to be towards lower end of this range . Gross written premium for ongoing operations 1 3.9% higher, with strong growth in motor in-force policies (up 2.5%) and premium rates (up 9.5%) . Combined operating ratio 1 from ongoing operations continued to be strong at 89.6%, 0.2pts higher, including flood re levy impact of 1.6pts. . Interim dividend per share of 4.9 pence (1h 2015: 4.6 pence) and special interim dividend of 10.0 pence per share.  Full Article

UPDATE 1-Insurer Direct Line counts the cost of Britain's long, icy winter

May 2 British motor and home insurer Direct Line Insurance Group reported a 5 percent fall in quarterly gross written premiums and said claims linked to Britain's recent cold weather snap would utilise almost all the company's annual weather budget.