Direct Line Insurance Share Discussion Threads

[scrwal] 03/3/2020 12:25

I don't agree with share buybacks - they should have still paid a special dividend so not happy.

[speedsgh] 03/3/2020 09:38

"Proposed final ordinary dividend of 14.4 pence, an increase of 2.9% on 2018. Announcing a £150 million share buyback and awarding our people £500 of free shares each."

Rewarding staff is to be applauded; I wonder if the 800 losing their jobs will qualify for the share awards.

£150m share buyback this time round instead of 10.9p special dividend (£150m / 1375m shares in issue).

TOTAL FY 2019 - 21.60p
final - 14.40p/share (paid May 20)
interim - 7.20p/share (paid Sep 19)
-------------------------------------------------
TOTAL FY 2018 - 21.00p (29.30p incl special div)
special - 8.30p/share (paid May 19)
final - 14.00p/share (paid May 19)
interim - 7.00p/share (paid Sep 18)
-------------------------------------------------
TOTAL FY 2017 - 20.40p (35.40p incl special div)
special - 15.00p/share (paid May 18)
final - 13.60p/share (paid May 18)
interim - 6.80p/share (paid Sep 17)
-------------------------------------------------
TOTAL FY 2016 - 14.60p (24.60p incl special div)
final - 9.70p/share (paid May 17)
special - 10.00p/share (paid Sep 16)
interim - 4.90p/share (paid Sep 16)
-------------------------------------------------
TOTAL FY 2015 - 13.80p (50.10p incl special div)
special - 8.80p/share (paid May 16)
final - 9.20p/share (paid May 16)
interim - 4.60p/share (paid Sep 15)
special - 27.50p/share (paid Jul 15)
-------------------------------------------------
TOTAL FY 2014 - 13.20p (27.20p incl special div)
TOTAL FY 2013 - 12.60p (20.60p incl special div)

[rik shaw] 03/3/2020 08:24

14.4p final dividend, ex div 9 Apr, payable 21 May

[fllegend] 03/3/2020 07:34

hxxp://tools.euroland.com/tools/PressReleases/GetPressRelease/?ID=3708314&lang=en-GB&companycode=services
The preliminary full year results are out. Slight falls in GWP and profit before tax, but a drop in combined operating ratio (COR) is very impressive (means drop in claims and operating costs as ratio of GWP) and validates their cautious underwriting approach.

[thepopeofchillitown] 27/2/2020 07:05

Always nice when staff hear about these things on the news.

[jrphoenixw2] 26/2/2020 11:30

11.10am this morning reported in the Telegraph's 'Markets Live' column:

'Sky: Direct Line plans job cuts
Insurer Direct Line plans to cut 800 jobs as part of plans to streamline its operations, Sky News reports.
The broadcaster says the FTSE 250 company will inform staff at a number of sites about the job losses later today. It reports:
One of Direct Line's sites is understood to have been earmarked for closure in 2022, while another is to be significantly downsized, according to a person briefed on the plans.
In Bromley, Kent, where the company is based, roughly 1000 employees are expected to see their jobs change to accommodate “agile working”, with a small number of roles expected to be axed.
Direct Line has around 11,000 staff overall.'

Full Sky article:

[guy_fawkes] 25/2/2020 13:20

Latest News
Shrewsbury Flooding: River Severn continues to rise as homes and businesses are flooded

Read the full article via Shropshire Live at: hxxps://www.shropshirelive.com/news/2020/02/25/shrewsbury-flooding-river-severn-continues-to-rise-as-homes-and-businesses-are-flooded/


'Threat to life' warning for Ironbridge as 40 evacuated amid fears river may reach 'unprecedented' levels

hxxps://www.shropshirestar.com/news/local-hubs/telford/ironbridge/2020/02/25/threat-to-life-warning-remains-in-place-for-ironbridge-after-warning-barriers-could-be-breached/

hxxps://floodassist.co.uk/flood-warnings/flood-area-info/shropshire

[fllegend] 24/2/2020 09:42

So you think an insurance company will suddenly decide that a previously uninsurable risk is suddenly now great business? Do you know about why Flood Re was set up by the Government? It was precisely to offer coverage to the growing amount of homes that no insurer would touch with a barge pole.

[guy_fawkes] 24/2/2020 08:53

That was posted 2017. 2019-2020 is a much worse disaster for any insurance company including DLG. Heavy rain, severe flooding and high winds. Claims will be very significant impacting on profits.



Flooding and damage left in the wake of Storm Dennis, which swept across the UK on 15 and 16 February, is estimated to cost £225m in insurance claims, taking the total insurance costs from two February storms to £425m.

[fllegend] 21/2/2020 15:13

Don't expect a significant hit from recent floods on DLG as they've been gradually pricing customers in high flood risk areas out from renewal.

[deadly] 21/2/2020 09:15

How will the floods affect DLG?

[denc] 21/2/2020 08:58

Divi is likely to be 22p a share total. Around 8.5% yield. Share price should rise further on the announcement that should be due next week.

[joshuam] 10/2/2020 07:31

Admiral forecasted higher profit will direct line?

[woodhawk] 29/1/2020 19:27

FWIW: RBC increase DLG target price to 405p

28 Jan Direct Line Insurance Group PLC RBC Capital Markets Outperform 339.00 385.00 405.00 Reiterates

[davebowler] 24/1/2020 10:54

That's good news!

[jksn901] 24/1/2020 10:45

Golden cross on the charts today

[garycook] 21/1/2020 07:52

21 Jan Direct Line Insurance Group PLC Peel Hunt Add 332.50 350.00 - Reiterates

[risa5] 20/1/2020 21:13

Its ok last year 5th of March.

[risa5] 20/1/2020 20:47

Any idea when final divi will be declared?

[jrphoenixw2] 19/1/2020 11:12

It'll be interesting to see how it approaches the previous longer-term top of 'Close Px 4/Jul/19 344.30p'.

[sufc555] 11/1/2020 18:20

Let’s get to 350 over the next 7 days

[top tips] 13/12/2019 10:55

Good day trading stock.

[ajr171166] 05/12/2019 07:14

Stick with it as the business may well be looking to buy back shares in the near future to push up the value and deter potential suitors

[jubberjim] 29/11/2019 20:29

Has anyone any ideas as to where we go from here
Seems to be moribund as very little movement on a day to day basis
Thought it should get a little higher but seems to be struggling to break upwards
Is this due to the uncertainty created by these interminable investigations into insurance premiums and the like
Also these latest floods across Britain are giving me pause for thought so am going to hold of for now until some clarity is forthcoming as regards impact on share price

[essentialinvestor] 25/11/2019 16:44

There is arguably a case for buy backs here.

The motor insurance market may be significantly less valuable within a generation,
driven by automation.