Direct Line Insurance Share Discussion Threads

[wba1] 22/10/2024 12:33

With ncd protection the real question is what value it offers. In financial terms the premium charged for it hugely exceeds to cost to the insurer so it only offers value in terms of a back stop if you need it.
The Sabre update is interesting and undoubtedly a large part of the reason for today's fall. I find it difficult to read across from Sabre to the rest of the industry. Sabre is a niche insurer whose premium rating was due, historically, to an offering focused on specialist private motor risks. It then decided to expand into taxi, motorcycle and even panels such as Saga. This was bound to hit their results and, whilst 2024 will be much improved on 2023, I am not in the least surprised that their changes in account (including much core new business which always performs worse than renewals) is causing them to be cautious. I suspect that noises about continuing inflation are just them managing the consequences of the wider strategy. DLG do have two advantages over Sabre (apart from scale, in house repair control and coming off a low performance base). Firstly they have been losing customers. This means their % of the account derived from renewals will be holding up better than Sabre. And renewals always perform better than new business. Secondly, DLG continues to have some benefit from other lines - a broader spread of risk.
My view is that DLG, absent further news about past mismanagement, is better placed to improve performance than Sabre - although Sabre will declare a lower COR because they aim for a COR in the 70s whilst DLG, as a volume player, aim for a COR in the 90s. I think DLG will get their COR in the 90s whilst I will be surprised if Sabre meet their target.

[city1911] 22/10/2024 10:21

Well I work for DLG if that's any good

[diku] 22/10/2024 10:06

Has anybody had an example with/without it?...or that is what the customer advisor tells you...

[city1911] 22/10/2024 10:04

Kind of agree to a point but ultimately you would no doubt be paying more without it

[diku] 22/10/2024 10:02

That is the perception but think the reality is very different...claim or no claim or non fault claim the premium still rises in some shape or form...too many add on's to premium...all computer generated...mine field...

[city1911] 22/10/2024 09:52

If you don't have protected ncd then your insurance premium will rise even higher if you have had a claim

[diku] 22/10/2024 09:21

Is no claims protection bonus premium added really what it is made out to be?...or just gobble-dy-ghook...insurance pricing is all over the place...

[city1911] 22/10/2024 09:17

Has to be due to Sabres results this morning. Claims inflation still fairly high etc

[garycook] 22/10/2024 08:58

SBRE down 7% on TU !

[prokartace] 22/10/2024 08:48

And todays selloff is why?

[jubberjim] 16/10/2024 11:42

Even though as a holder of various insurance shares I have to take my hat of to Louise Haig

She is a proper MP and she is not afraid to make her views known unlike the erstwhile Starmer and Rayner who are only interested in themselves.

Not going to be a popular view but I have to salute her bravery

Is going to hurt me financially but won t be any worse than what the insurers have been doing over past few years

[city1911] 16/10/2024 09:11

We have known about this for many months this was coming haven't we? NI increase contribution likely to increase as well in the budget.

[jubberjim] 16/10/2024 06:26

FCA Investigation

How likely to impact on DLG and others

Yet another obstacle laid out by an organizations that is not fit for purpose

Will continue to monitor for the moment

[jezza123] 14/10/2024 14:51

And they turned down a buyout and how much again?

hahahahahahahahahahahahah

[renewed1] 11/10/2024 13:56

Well theyve effectively said Manser was a disaster but they chose him and now think Jane is wonder woman. I wouldnt put a penny in here for 18 months and we get an inkling whether she lives up to the spiel!!!!

[tuftymatt] 10/10/2024 06:22

Let's hope Jane helps DLG move forward and the share price follows too.

Good luck all 👍🏻

[garycook] 10/10/2024 06:07

Direct Line Insurance Group plc ('DLG') is pleased to announce that Jane Poole has joined DLG as Group Chief Financial Officer and has been appointed to the Board as an Executive Director with effect from today. Jane has also been appointed as a member of the Board's Investment Committee.



Adam Winslow, Chief Executive Officer, Direct Line Group, commented: "We are delighted to welcome Jane Poole to the Group. She will have a transformative impact on our business. Jane's deep knowledge of the insurance sector and regulatory frameworks, combined with a strong track record of running high performing finance functions, will be invaluable. She will be instrumental in driving for delivery of our targets for shareholders, as we move to execute our strategic plan and position Direct Line Group as the customers' insurer of choice."

As announced on 10 April 2024, Jane is succeeding Neil Manser, who has ceased to be CFO and an Executive Director, also with effect from today. We thank him for his service and wish him well for the future.

[diku] 01/10/2024 10:48

Car insurance policy pricing are all over the place...computer generated when doing online quotes...Aviva was near double the price than from DLG...few years ago online pricing was cheaper now the other way round...

[jonnybig] 22/9/2024 05:20

Just renewed car insurance and direct line continues to be way too expensive, nearly double my cheapest quote.

spud

[zam1] 21/9/2024 17:16

Good value stock buy hold.

[jubberjim] 19/9/2024 06:57

Only reason to invest here is in the hope of a takeover.

Judging from my experience and the downright shortsightedness in refusing to even offer a quite for renewal of a policy held for over 10 years.

All this demonstrates to me is a cavalier approach to customers forcing them to go elsewhere.

The dividend itself after all the hype was and is paltry

Staying well clear.

Aviva have got my business and I in turn hold their shares with a proper dividend.

Rant over Good luck

[pander45] 14/9/2024 14:38

Winslow needs to become Winfast because his period of grace in turning this monumental screw up around is over. He needs to get on it! More impact needed.

[jezza123] 14/9/2024 10:07

Think holders will have to wait for this to sink back down to 140 for any new bidder to reappear - and this time for goodness sakes vote to sell.

Fool me once etc etc.