Direct Line shares in demand as Deutsche Bank says ‘buy’
Analysts point to attractive valuation and receding risks
Blue-chip insurer posts drop in gross written premium and profit in H1
Analysts cut rating and price target on stock
Insurer reports fall in quarterly gross written premiums
Direct Line shares sold off as Deutsche Bank trims rating
Analysts argue group is now in ‘transition phase’March 2018
Direct Line shares down despite upbeat results
Blue-chip insurer unveils special payout to shareholdersFebruary 2018
Direct Line hikes profit expectations
Update comes ahead of insurer’s full-year results later this monthFebruary 2018
Direct Line shares up as Morgan Stanley reiterates ‘overweight’ rating
Analysts lift valuation amid focus on growing own-brand policiesAugust 2017
Direct Line share price: Group posts first-quarter trading update
Gross written premium for Ongoing operations 4.2% higherMay 2017
- More news
Direct Line share price: Q1 results reported
Company sees “good start to 2015 with a stable trading performance”May 2015
Direct Line hikes full-year dividend
Full-year pre-tax profits riseMarch 2015
Insurer Axing 2,000 Jobs to Save Costs
New Telematics Product Can Reduce Premiums at Direct LineJune 2013
Insurer sells closed life fund to Chesnara
Direct Line to increase dividend payout after saleOctober 2013
Direct Line’s share price up on profit rise
UK insurer in talks to sell Tracker telematics businessNovember 2013
- More news
About Direct Line Insurance Group PLC
Direct Line Insurance Group Plc (LON:DLG) is a British retail general insurer which specialises in selling insurance and other financial services sold directly to consumers by telephone and the internet. It operates in five segments: Motor, Home, Rescue and Other personal lines, Commercial, and International.
The company is headquartered in Bromley, United Kingdom. Overseas, it has expanded into Germany and Italy. The group owns a number of general insurance brands operating within these markets, including Direct Line, Churchill, and Green Flag.
Direct Line Insurance was the first telephone insurer in the UK when launched in 1985 by founder Peter Wood, and soon became the UK's largest provider of motor vehicle insurance. The company was part of the Royal Bank of Scotland Group's (RBS) insurance division until 2012.
It was the subject of an initial public offering (IPO) in October 2012 when RBS sold a 30 percent share of the business. In March 2013, the banks sold a further 17 percent of its Direct Line Insurance shares, reducing its holding to 48.5 percent. RBS sold a further 20 percent in September 2013, and is due to sell the remainder of its holding by the end of 2014.
Direct Line Insurance Group s listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.