Direct Line Insurance Share Discussion Threads

[sporazene2] 01/8/2017 08:29

SUFC, agree with you, robust set of results. 5% divi excluding any special distributiuon. I didnt see any reference to the consultation outcome which was due on 3rd, based on the link that you previously posted.

[sufc555] 01/8/2017 08:23

what a fantastic set of results - no company in the ftse is better run - basic divi are now circa 21p

this is without the discount rate changing - expect it to be revised upwards this week

[skinny] 01/8/2017 08:09

Highlights and outlook

· Motor continued to grow gross written premiums, up 10% with Direct Line driving the growth
· Commercial launched the first of its flexible and bespoke business insurance policies, a part of our digital transformation, leveraging our strong Direct Line brand and our goal of making insurance much easier and better value for our customers
· The Board is rebasing the regular dividend up 38.8%, increasing the interim dividend to 6.8p3. In addition, the Group expects to operate around the middle of its Solvency II capital coverage ratio range of 140% to180%, in the normal course of business
· Reiterate the current financial targets for 2017: combined operating ratio in the range of 93% to 95% and investment income yield at 2.4%
· In addition, management targets maintaining a 93% to 95% combined operating ratio over the medium term, reflecting its ambition to maintain strong annual financial performance

[sufc555] 23/7/2017 21:59

hxxps://www.lawgazette.co.uk/law/likely-date-revealed-for-discount-rate-decision/5062100.article

[sporazene2] 23/7/2017 20:40

Sufc do you have a link to a news item confirming this timescale. Thanks

[sufc555] 20/7/2017 09:17

Govt reply to discount rate consultation released 3.8.17, this may delay half year results

Expect substantial re rating of share price and special divi

[speedsgh] 12/7/2017 19:49

gsbmba99 - Indeed. From 2016 Final Results released on 7/3/17...

Preliminary Results year ended 31 December 2016 -

In future, the Board has decided that, in the normal course of events, it will consider whether or not it is appropriate to pay a special dividend only once a year, alongside the full year results. In doing this, the Group will harmonise its major capital management decisions with its planning process and its full-year earnings.

[gsbmba99] 12/7/2017 15:55

From memory, I believe they said last year that, going forward, they would only assess ability to pay a special once a year at the time of final results publication. So, an interim special is unlikely.

[billy5] 12/7/2017 15:36

Last year ex 11/8 we had 4.9p Int and 10p Special. Would we be too optimistic to hope for similar on the 1st August?

[gsbmba99] 12/7/2017 14:56

Looks like Credit Suisse upgraded to outperform TP 410p.

[r ball] 12/7/2017 06:49

Read across to esure

[sporazene2] 04/7/2017 11:50

chart and indicators looking extremely positive which bodes well for the lead up to results. Short term the services PMI tomorrow will give some decent clues on the UK economy, lets hope that we hold up until the end of the month

[sirhedgealot] 27/6/2017 14:02

I've sold too. Back lower.

[kcsham] 21/6/2017 09:17

sufc555 - You could be right, but I am taking a chance. I decided to take my profit. Best of luck to all holders!K C

[sufc555] 21/6/2017 08:45

this is good news.

The changes to cut exaggerated and fraudulent whiplash claims were put on hold due to the election. Moreover the discount rate consultation ended before the election - expect the reinstatement of the changes to cut whiplash and changes to discount rate (eg raising it from -0.75 to 1-1.5% will save DLG 250m per annum) to be in Queen's speech - all great news for DLG enabling them to cut premiums and increases divi.

Buy before 11.30 today!!!!!!

[kcsham] 21/6/2017 08:37

......create a holistic financial guidance body and protect renters.Has she created enough troubles for herself?She wants to control everything while everything is out of control for her at the moment!I am out!

[kcsham] 21/6/2017 08:23

May's agenda will be outlined in the Queen's Speech, and will see the Prime Minister commit to working with "humility" after her party lost 13 seats at the General Election.The speech will include legislation to cut motor insurance premiums, create a holistic financial guidance body and protect renters.......Legislation to cut motor insurance?K C

[joshgroeny] 14/6/2017 21:14

DLG seems to be getting a well deserved re-rating at last.

[ph1ts] 14/6/2017 09:13

Very quiet here recently. Funny, considering the current action!

[kcsham] 03/5/2017 10:42

nicksoj - Although I am not able to see a soft Brexit, I agree with you that the share price is likely going forward to 400.I have just over 9000 shares on this one since 5/6 months ago. I will certainly keep holding until the share price close to 390 or above.K C

[nicksoj] 03/5/2017 10:18

Imo. Sterling dollar heading back to 1.4 realm. Soft Brexit etc...I'm now long here to 400p. This stock is lower than where it should be. And to those that think by posting comments makes an share price move. Ha! I thoroughly disagree.Imho dyorBest wishes

[garycook] 03/5/2017 07:41

Q1,Update up 4.2% on Q1 2016,and 11.2% with its Motor brands.

[dmf] 28/4/2017 07:59

Hasting Q1 17

26% increase GWP Increase in policy count and higher individual policy premiums - suggests hardening in premium rates which are being carried