Direct Line Insurance Share Discussion Threads

[dmf] 31/7/2018 13:16

Profit taking..........its been on the 'slide' since April, when it hit 380 or so...We
have all our insurances with DLG - Household/motor/travel and pet insurance...all good value !

[bellymonster] 31/7/2018 12:10

Direct Line have been cheapest for me for the last 3 years which is very unusual as I normally change company every year.They also got my wife's insurance down from a renewal price (LV) of £900 to an acceptable £400. No one else came close.Two renewal quotes doesn't account for much but I think this is a really strong brand and that their advertising is very effective.Look forward to seeing the results tomorrow but wouldn't be surprised to see a little profit taking.

[kulvinder] 31/7/2018 10:34

I love your optimism!!!! Lets hope we go up with a bang and not down with a bang on tomorrow open.

[floridamassive] 30/7/2018 22:51

Half year results on 1st Aug
Looking forward to a smashing half year results and tasty interim divi announcement in a day’s time. This stock is a 6% divi yielding golden goose :). Love this company, recession proof, whether you like it or not, you bloody need insurance all the time.

[useless23] 30/7/2018 16:40

Sufc555 is absolutely right. If you're in any doubt, speak to an underwriter because I have. If DLG are quoting higher renewal prices than the rest of the market then this is very bullish. DLG know their markets, they are the market leader.

[kulvinder] 30/7/2018 11:49

Sufc555, I sincerely hope you are correct.... I look forward to an up day on announcement of results.

[sufc555] 30/7/2018 10:08

the recent exchange of posts indicates a clear misunderstanding of how the motor sector works and, further, the current market concerns. Please don't use this info to short this stock this week as you will get your fingers severely burnt. See Hiscox results today re GWP as an indicator of the true state of the motor market.

The divi will increase again as per the previous guidance. I have warned you!

[kulvinder] 30/7/2018 07:44

Generally all insurance companies put up their fee each year on renewal unless you move to get the new customer discount.

[pete160] 29/7/2018 12:53

Just by way of feedback my car insurance renewal premium from Admiral just came in at £ 516, up from £ 504 last year (no changes in claims or cover).

This compares today against Gocompare (cheapest £ 465 with LV) and ComparetheMarket (cheapest £ 395 with Go Skippy !!, but also LV at £ 465)

Put all the information in again at Direct Line (that alone must put some people off?) and they came in at £ 563 – almost £ 100 more than LV, for what appears to be the same cover, and without the bells and tassles of buying via an opera singer (current offer annual dine membership) or a meekat (currently offering movies and meals).

Perhaps I’m not the type of driver they’re after but.... ?

[sundial1] 27/7/2018 17:24

just changed my insurance from dlg way out of line so says alot

[garycook] 27/7/2018 02:55

The average Shoparound price for an annual comprehensive car insurance policy is marginally less than it was a year ago, according to the latest AA British Insurance Premium Index.

The firm detailed that the measure dropped by 2% between the fourth quarter of 2017 and the first quarter of 2018 to £660.64.

Premiums peaked at a record high during the second quarter of 2017 but have now fallen for three quarters in a row. However, compared to 12 months ago they have reduced by just 0.7%.

The AA’

[diku] 26/7/2018 22:38

I don't need to go to their website...AA is expensive with car insurance as far as I am concerned...

[sufc555] 26/7/2018 22:35

It does not relate to AA premiums - I suggest you go to their website to review - this index moves the shareprice of all insurers

That said DLG actual premium movement does not reflect this index - the fall is likely to be much much lower - the dividend increase should reassure the market in the short term - expect 7p or more - this is the best run ftse comp.

[diku] 26/7/2018 21:30

Never knew there was such a thing as AA British Insurance Premium shoparound Index!!....and is it just me others think the same...AA is expensive in car insurance..

[sufc555] 26/7/2018 21:22

Not sure where you have that data from. AA index

Competition pushing down car insurance costs

The latest benchmark AA British Insurance Premium ‘Shoparound217;* Index for the three months ending 30th June 2018 shows that car insurance premiums continue to fall. The second quarter saw over £18 wiped off the average quoted premium while over 12 months, premiums have dropped by an average of 10.8% to 10.8% to £648.10, a whopping £78.83 cheaper.

[garycook] 26/7/2018 07:55

Premiums have dropped 0.7% in a year.That should not give DLG a 3% decline yesterday ! So the drop is way overdone again.

[sufc555] 26/7/2018 07:50

AA insurance premium index released at 10am yesterday

[garycook] 26/7/2018 01:56

Most N/L Insurers hit hard.Should recover today.

[kulvinder] 25/7/2018 19:33

I wish I knew, it was rather large fall, with only few days to results update.

[risa5] 25/7/2018 17:31

any idea about the drop today ?

[sundial1] 23/7/2018 20:49

i reckon not far off the mark,KULVINDER,not good making on the share but great dividend,Better buying extra when share settles.But another point is buying shares with great dividend.negative equilty.

[kulvinder] 23/7/2018 17:10

Are they expecting bad news here on Aug 1st? It has reversed on the down again the last few sessions.

[garycook] 16/7/2018 10:14

16 Jul Direct Line Insurance Group PLC Peel Hunt Add 337.55 - 400.00 Reiterates

[kulvinder] 12/7/2018 12:22

Wow, got some life in it today..... lets see if it drops back like normal at the end the day.