DIRECT LINE INSURANCE GROUP PLC (DLG) Shares

ABOUT DIRECT LINE INSURANCE GROUP PLC

Direct Line Insurance Group plc is an insurance company.

Through its subsidiaries, Direct Line offers a variety of products and distribution channels that covers businesses, motors, homes, pets and holiday. The company is recognised as one of the leading insurance companies in the United Kingdom.

Its portfolio includes several subsidiaries such as Direct Line and Direct Line for Business, NIG, Churchill, Privilege and Green Flag.

The company is Britain’s leader in personal motor insurer. It offers more than 4.1 million in-force policies and insures nearly one in every six motors in the United Kingdom.

Its roadside assistance and recovery as well as other personal lines insurance offers approximately 7.5 million in-force policies.

Direct Line is the United Kingdom’s fourth largest pet insurer and second largest travel insurer.

Direct Line Insurance Group plc is a constituent of the FTSE 250 Index.

The company employs approximately 11 000 people and is headquartered in Bromley, England. 

OVERVIEW OF DIRECT LINE INSURANCE GROUP PLC

• In 1985 Direct Line Insurance Group plc is founded by Martin Long and Peter Wood. It acts as The Royal Bank of Scotland Group’s insurance divisions.

• It is the United Kingdom’s first telephone only insurance business.

• In 2012 the company is divested from The Royal Bank of Scotland. It has its initial public offering and 30 percent of the company is purchased. In the following year the rest of the company is sold.

• In 2014 a private equity firm, Lysanda, buys the company’s telematics business, TRACKER Network UK. The same year Mapfre buys the company’s Direct Line businesses in Germany and Italy for a price of € 550 million.

• In 2019 the company appoints its first woman CEO, Penny James.

VISION & VALUES OF DIRECT LINE INSURANCE GROUP PLC

• Direct Line Insurance Group plc is committed to do the right thing for its employees, shareholders and customers. It takes ownership of its actions and works together with others to create the best possible results.

• The company aims high and is ambitious, consistently creating new opportunities to improve. Direct Line believes in diversity and treats others with respect.

• Direct Line Insurance Group plc contributes funds and volunteer hours to charities in its communities.

• Financial contributions are made through employee fundraising, matched giving, grants and its payroll giving scheme.

• Direct Line recycles and reuse in its offices and sources 100 percent of its electricity from renewable sources since 2014.

MARKET PERFORMANCE OF DIRECT LINE INSURANCE GROUP PLC

• Direct Line Insurance Group plc trades on the Financial Times Stock Exchange under the FTSE stock symbol “DLG”.

• Data analysis for the company’s half year results for 2019 reports an operating profit of £ 274.3 million.

• Operating expenses are £ 363.0 million. Combined operating ratio is 92.5 percent.

• Profit before tax is £ 261.3 million. Return on tangible equity annualised is 20.9 percent. Interim dividends are 7.2 pence per share.