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Direct Line Insurance Group

Current Price 224.20p Bid 219.00p Ask 228.40p Change 41.14%
Last Updated: 28/11/2024 16:43. Prices delayed by at least 15 minutes.
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Company Overview

Direct Line Group is one of the largest insurance companies in the UK and home to several well-known insurance brands. Our mission is to be brilliant for customers every day. We have some of the strongest and most recognisable insurance brands including Direct Line, Churchill, Green Flag, NIG and Darwin. Through these trusted brands we offer a range of insurance products that help protect customers motors, homes, holidays, pets and businesses.

Financial Highlights Year Ended 31/12/2023

Revenue
£3,601.70m
Operating Profit/Loss
£264.60m
Dividend yield (%)
2.20
Total dividend for year
n/ap
Dividend cover
3.98
P/E Ratio
11.50
More Financials

Key Personnel

Mr Adam Winslow
Chief Executive Officer
Miss Jane Poole
Executive Director
Mr Adrian Joseph
Independent Non-Executive Director
Mr Carol Hagh
Independent Non-Executive Director
Mr Gregor Stewart
Independent Non-Executive Director
Mr Mark Gregory
Independent Non-Executive Director
Mr Mark Lewis
Independent Non-Executive Director
Mr Tracy Corrigan
Independent Non-Executive Director
Ms Danuta Gray
Independent Non-Executive Director
Ms Fiona McBain
Independent Non-Executive Director
Dr Richard Ward
Senior Independent Director
Mr David Neave
Vice Chairman and CEO

Stock Details

EPIC
DLGL
ISIN
GB00BY9D0Y18
Shares in Issue
1,375.00m
Market cap
£3,082.75m

Analyst Views (1)

Strong Buy
 
0%
Buy
 
100.00%
Hold
 
0%
Sell
 
0%
Strong Sell
 
0%
This information is provided by Web Financial Group (UK) Limited. It is subject to change without notice and doesn't reflect the views held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
224.20p
Bid Price
219.00p
Ask Price
228.40p
Volume
6,283,738
Change Today
65.35p
% Change Today
41.14%
Open
210.40p
Previous Close
158.85p
Intraday High
230.20p
Intraday Low
210.40p
52 Week High
230.20p
52 Week Low
152.80p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

More Charts

News

Jefferies downgrades Direct Line to 'hold' 12/11/2024 10:28:35 Direct Line to axe 550 jobs amid tough motor market 11/11/2024 07:32:46 Wednesday preview: Services PMIs, Direct Line Group in focus 03/09/2024 13:12:03 Citi upgrades Direct Line to 'buy' 28/08/2024 09:29:49 Direct Line finds miscalculation in 2023 Solvency Capital Ratio 23/08/2024 08:51:00 Direct Line unveils plans to boost growth 10/07/2024 07:57:16 Wednesday preview: China CPI, Direct Line Group in focus 09/07/2024 12:25:11 Berenberg remains cautious on Direct Line 03/07/2024 11:06:42 Direct Line Q1 premiums up on price hikes 08/05/2024 07:40:22 Direct Line replaces CFO with another Aviva exec 10/04/2024 07:27:01 London close: Stocks slip back after last week's peak 25/03/2024 15:49:06 Direct Line confident in standalone prospects as Ageas abandons pursuit 25/03/2024 07:16:36 Direct Line reinstates dividend, announces new cost-savings plan 21/03/2024 08:08:23 Sunday newspaper round-up: Nationwide, Direct Line, Rolls-Royce 17/03/2024 22:57:03 Ageas facing opposition from top shareholder over Direct Line pursuit - report 14/03/2024 11:55:51 Direct Line rejects second takeover approach from Ageas, shares tumble 13/03/2024 10:42:34 Sunday newspaper round-up: EasyJet, Direct Line, Cairo 03/03/2024 15:16:07 Ageas would need to offer 270p to 300p a share for Direct Line, says Jefferies 29/02/2024 09:36:11 Direct Line rejects £3.1bn takeover approach from Belgium's Ageas 28/02/2024 15:19:09 Ageas mulls £3.1bn bid for Direct Line, shares surge 28/02/2024 12:02:49 Berenberg upgrades DLG to 'buy', sees catalysts in 2024 16/01/2024 09:49:07

Income Statement

Year End Date
31 Dec 2023
31 Dec 2022
 
£ (M)
£ (M)
Continuing Operations
Revenue
3,601.70
3,229.10
Operating Profit/Loss
264.60
-418.10
Net Interest
n/a
n/a
Pre-Tax Profit
277.40
-301.80
Profit After Tax from continuing operations
222.90
-231.90
Discontinued Operations
Profit After Tax
n/a
n/a
Profit/Loss for the Year
222.90
-231.90
Attributable to:
Equity Holders of Parent Company
222.90
-231.90
Minority Interests
n/a
n/a
Total Dividend Paid
n/ap
n/ap
Retained Profit/(Loss) for the Financial Year
n/a
n/a

Earnings per Share

Year End Date
31 Dec 2023
31 Dec 2022
Basic
15.90p
-19.10p
Diluted
15.70p
-19.10p
Adjusted
15.90p
-19.10p
Dividend per Share
n/ap
n/ap

Assets

Year End Date
31 Dec 2023
31 Dec 2022
 
£ (M)
£ (M)
Non-Current Assets
Property, Plant & Equipment
187.70
156.70
Intangible Assets
818.60
822.20
Investment Properties
277.10
278.50
Investments
3,691.60
3,696.40
Other Financial Assets
27.40
31.30
Other Non-Current Assets
n/a
n/a
Current Assets
Inventories
n/a
n/a
Trade & Other Receivables
136.70
139.40
Cash at Bank & In Hand
1,772.20
1,003.60
Current Asset Investments
n/a
n/a
Other Current Assets
82.80
71.90
Other Assets
71.70
131.50
Total Assets
8,417.20
7,423.70

Liabilities

Year End Date
31 Dec 2023
31 Dec 2022
 
£ (M)
£ (M)
Current Liabilities
Borrowings
n/a
n/a
Other Current Liabilities
n/a
n/a
Total Current Liabilities
n/a
n/a
Non-Current Liabilities
Borrowings
447.30
405.40
Provisions
30.80
10.20
Other Non-Current Liabilities
n/a
n/a
Total Non-Current Liabilities
478.10
415.60
Other Liabilities
179.00
176.60
Total Liabilities
6,012.50
5,231.90

Net Assets

Year End Date
31 Dec 2023
31 Dec 2022
 
£ (M)
£ (M)
Net Assets
2,404.70
2,191.80

Capital & Reserves

Year End Date
31 Dec 2023
31 Dec 2022
 
£ (M)
£ (M)
Share Capital
143.10
145.20
Share Premium Account
n/a
n/a
Other Reserves
1,430.40
809.30
Retained Earnings
484.70
890.80
Shareholders Funds
2,058.20
1,845.30
Minority Interests/Other Equity
346.50
346.50
Total Equity
2,404.70
2,191.80

Dividend History

Type
Ex-Dividend Date
Payment Date
Payment
Interim
12 Sep 2024
11 Oct 2024
2.00p
Final
04 Apr 2024
17 May 2024
4.00p
Interim
11 Aug 2022
09 Sep 2022
7.60p
Final
07 Apr 2022
17 May 2022
15.10p
Interim
12 Aug 2021
03 Sep 2021
7.60p
Final
08 Apr 2021
20 May 2021
14.70p
Interim
13 Aug 2020
04 Sep 2020
7.40p
Interim
13 Aug 2020
04 Sep 2020
7.40p
Interim
08 Aug 2019
06 Sep 2019
7.20p
Final
04 Apr 2019
16 May 2019
14.00p
Final
04 Apr 2019
16 May 2019
14.00p
Interim
09 Aug 2018
07 Sep 2018
7.00p
Final
05 Apr 2018
17 May 2018
13.60p
Final
05 Apr 2018
17 May 2018
13.60p
Interim
10 Aug 2017
08 Sep 2017
6.80p
Final
16 Mar 2017
18 May 2017
9.70p
Interim
11 Aug 2016
09 Sep 2016
4.90p
Interim
11 Aug 2016
09 Sep 2016
4.90p
Final
10 Mar 2016
19 May 2016
9.20p
Final
10 Mar 2016
19 May 2016
9.20p
Interim
13 Aug 2015
11 Sep 2015
4.60p

Dividend Metrics

Year End Date
31 Dec 2023
31 Dec 2022
Dividend growth
-47.37%
-66.52%
Dividend yield
2.20%
3.40%
Dividend cover
3.98
-2.51


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