Direct Line Insurance Share Discussion Threads

[nicksoj] 13/7/2015 11:52

All eyes on the 4th.

Ok. Can we break that all time intra - day high????

[billy5] 09/7/2015 07:56

Yes, any idea when they are out?

[nicksoj] 07/7/2015 13:05

When are half yearly results being announced?

[nicksoj] 30/6/2015 08:37

imo...to base the 8% market cap reduction on an almost historic high (345p v 347p) was a sell signal for many. Hopefully half yearly results will confirm that the premium rating was justifiable.

[eaaxs06] 29/6/2015 21:33

I presume with DLG going xd tonight, and the 11 for 12 consolidation, the price should be the same tomorrow, as what it closed tonight (give or take market sentiment).

..... and as the FTSE futures are off about 50pts, I’d expect DLG to open around 336p tomorrow.

Either that, or I’m talking complete hog-wash and have no idea what the hell is going to happen?

[cwa1] 06/5/2015 07:19

06 May 2015

Direct Line Insurance Group plc

Interim Management Statement for the first quarter of 2015

6 May 2015

Direct Line Group's Interim Management Statement relates to the first quarter ended 31 March 2015, and contains information to the date of publication.

Highlights

-- Gross written premium for ongoing operations(1) 0.9% lower with
stable gross written premium in Motor
-- Motor and Home in-force policies stable for a second successive
quarter. Growth in Green Flag direct and Commercial eTrade and
direct
-- Continued investment in initiatives to improve customer experience
and propositions including roll out of new quote and buy digital
journey for Home products and removal of amendment fees for the
Direct Line brand
-- Total costs reduced by 10.1% to GBP220.7 million and on track
to reduce costs in absolute terms in 2015
-- Reiterate expectation to achieve a combined operating ratio(2)
in the range of 94% to 96% for ongoing operations after normalising
for claims from major weather events


Paul Geddes, CEO of Direct Line Group, commented

"We have made a good start to 2015 with a stable trading performance in competitive markets and good momentum on the delivery of our strategic priorities. We continued to invest in technical and digital capabilities to improve our customer propositions and satisfaction, whilst maintaining our focus on efficiency. This progress in the first quarter gives us confidence that we are well positioned to meet our 2015 financial objectives."

[barry276] 21/4/2015 13:14

First quarter update due on 5th of may DLG probably announce
special dividend of around 10p.this will off set any negative
news.

[corlis] 12/4/2015 18:12

Had a good ole study & i will be buying this tomorrow.

[dandadandan] 01/4/2015 14:00

AGM 13th May.

[dandadandan] 31/3/2015 16:46

Divi paid on the 17th April.

Did you see this item just released :
Sale of 24,565 ordinary shares at £3.233949 per share effected to meet an immediate tax and national insurance liability, which arose on the release of 51,060 ordinary shares awarded under the Deferred Annual Incentive Plan (DAIP).
Who sold these and what about the 7m already sold at £3.39.

Looks like someone needs the money or do they know something we don't?

Be careful IMO..

GLA

[dr knowledge] 31/3/2015 15:19

Anyone any idea when the special divi is due? Been quite a while now since the original announcement?

[nicksoj] 26/3/2015 08:38

Hope no one had a guaranteed stop on the early morning madness. Crazy.On a day when Deutsche recommended a buy and increased share price target to 350

[shauney2] 12/3/2015 15:49

Thank you for that eaaxs06.
Looking through jet lagged eyes i was wrong on both counts.

"To meeet tax liabilities"I guess it was not worth him waiting for the special from the sale of the European business.

Not off as much as the dividend today which is a bonus.

[eaaxs06] 12/3/2015 14:08

12.8p


10 Mar 2015 Paul Geddes Sell 7,379,662 @ 339.81p £25,076,534.26

[shauney2] 12/3/2015 12:46

Where do you get 7 million from ?

Ex dividend today for 13.20p

[dandadandan] 12/3/2015 12:31

Looks like the CEO that sold his 7 million knew what he was doing.

Not much confidence for the next few months.

It is watch and wait time......

[nicksoj] 10/3/2015 17:02

What a drubbing. More to come me thinks...

[shauney2] 03/3/2015 09:22

From a quick scan while sitting in an airport all looks better than i expected.A small special dividend and a bigger one to come when they return a "substantial"proportion from the sale of their Europeanoperation.Any guesses to what that could be?

[nicksoj] 03/3/2015 07:27

Here's what I like:Stable operating profit from ongoing operations of GBP506.0 million for 2014 (2013: GBP509.9 million); while total Group statutory profit before tax for continuing operations rose 12.2% to GBP456.8 million (2013: GBP407.3 million)

[skinny] 03/3/2015 07:09

Financial highlights

· Gross written premium from ongoing operations1 3.8% lower for 2014 compared with 2013, reflecting disciplined approach to underwriting in Motor and Home. Gross written premium trends improved during the year with gross written premium increasing 0.4% in the fourth quarter compared with 2013

· Combined operating ratio2 from ongoing operations of 95.0% for 2014, an improvement of 0.2 percentage points on 2013 (95.2%) including stable contribution from prior-year reserve releases of £397.6 million (2013: £395.8 million)

· Stable operating profit from ongoing operations of £506.0 million for 2014 (2013: £509.9 million); while total Group statutory profit before tax for continuing operations rose 12.2% to £456.8 million (2013: £407.3 million)

· Return on tangible equity3 of 16.8% for 2014 (2013: 16.0%)

· 4.8% increase in final4 dividend per share to 8.8 pence per share and second special interim dividend of 4.0 pence per share. Total dividends for 2014 of 27.2 pence per share (2013: 20.6 pence per share)

Strategic and operational highlights

· All Initial Public Offering and 2014 published targets either met or exceeded: Group combined operating ratio; Commercial combined operating ratio; total cost base5; and return on tangible equity

· Ongoing investment in capability supporting profitability across Group with all divisions now making a material contribution

· Announced binding agreement for the sale of International division for €550 million (£430.1 million6)

· Continued active capital management with 24.6% of Initial Public Offering price already returned to shareholders, rising to 31.9% when the final4 and second special interim dividends are included. This excludes the expected return of capital associated with the sale of the Group's International division

· Focus on UK reaffirmed with clear strategic aim of making insurance much easier and better value for customers

[nicksoj] 26/2/2015 09:54

Claims performance from high end reserves will be key to sp/divi performance.It was indicated recently that higher than average volumes of large losses were prevalent.Results could be bad.dyor