Direct Line Insurance Share Discussion Threads

[ph1ts] 29/11/2018 11:41

Lord Gnome - Spoke too soon!

[lord gnome] 29/11/2018 09:51

Not yet out of the downtrend, but certainly looking a bit perkier the last few days. Relief rally from oversold, or a real change of direction?

[eeza] 07/11/2018 13:29

"I would be happy in quarterly payments" Totally agree. Large payments are a shorter's wet dream.

[scrwal] 07/11/2018 12:56

The headlines all refer to the 5.8% drop which is somewhat misleading as the £52.7m fall includes £47.3m relating to exiting Sainsburys and Nationwide. The longer term aims of growing its own brands is still on target which is what we want to see and what some commentators seem to have completely missed. There may be a decent special dividend but I just wish it wasn't paid out in one go with the final as that causes the price to tank - I would be happy in quarterly payments as this is a long term holding for me.

[jrphoenixw2] 07/11/2018 11:36

htTps://uk.finance.yahoo.com/news/direct-line-reports-5-8-073344396.html 'Direct Line reports drop in premiums as competition bites'

[skinny] 06/11/2018 09:02

Peel Hunt Add 315.50 400.00 Reiterates Shore Capital Buy 315.50 370.00 Upgrades

[sporazene2] 06/11/2018 08:32

that was mainly driven by a reduction in partnerships revenue which was expected. this looks like a fairly resilient update to me given the pressure on pricing.

[jrphoenixw2] 06/11/2018 07:54

Gross Written Premiums -6% YoY, don't see that going down well...

[jrphoenixw2] 06/11/2018 07:50

Since I didn't know this was due here is what's^ referred to.... hTtp://uk.advfn.com/stock-market/london/direct-line-DLG/share-news/Direct-Line-Insurance-Group-PLC-Trading-Update-for/78618010 Direct Line Insurance Group PLC Trading Update for the third quarter of 2018 06/11/2018 7:00am UK Regulatory (RNS & others)... [contines]

[wllmherk] 06/11/2018 07:24

On first glance nothing to get excited about, but, nothing to worry about either. I would expect share price to be broadly flat on these numbers, but, my stocks normally tank these days, at least that is how it feels. wllm

[speedsgh] 31/10/2018 08:46

FCA launches general insurance market study - HTTPS://www.investegate.co.uk/financial-conduct/rns/fca-launches-general-insurance-market-study/201810310700068272F/ The Financial Conduct Authority (FCA) has today set out the issues it will focus on as part of a market study into how general insurance (GI) firms charge their customers for home and motor insurance. As part of the FCA's 2018/2019 Business Plan, it said it would conclude a piece of supervisory work on insurance pricing practices, the results of which it has published today. The FCA has decided that a package of measures is necessary following this initial work. These include: · Addressing conduct by firms · A market study on general insurance pricing practices · A wider discussion paper on fairness of pricing in financial services GI plays a key part in the UK economy, generating over £78 billion in premiums for UK insurers. The FCA's Financial Lives Survey shows that most UK adults (82 per cent) have one or more GI products, with home and motor insurance being the most commonly held GI products in the UK. The FCA has been concerned that general insurance pricing practices have the potential to cause harm to consumers, particularly those who are vulnerable. The FCA's goal is to ensure that retail general insurance markets deliver competitive and fair prices for consumers. The market study will give the FCA a deeper understanding of the scale of any harm to consumers from general insurance pricing practices, who it affects and, if required, what actions are required to improve the market.

[jrphoenixw2] 29/10/2018 09:28

'Questor: Direct Line’s shares may not be motoring but the 6pc yield makes them a hold' The limited-paywall article concludes with: 'Direct Line shareholders can take comfort that the group’s 169pc solvency capital ratio – up from 165pc in the previous year – remains comfortably within the company’s 140pc-180pc declared range and means the aim to grow the dividend in line with the business looks safe. Investors never look in the rear-view mirror, even when it comes to car insurers. Last year’s 15p-per-share special dividend is a distant memory but more of the same is not impossible. Even without top-ups, Direct Line stock yields an attractive 6.4pc. While it is not clear what the catalysts are that will get the shares motoring again, the promised payout makes them well worth holding.'

[eeza] 28/10/2018 08:07

https://www.telegraph.co.uk/investing/shares/questor-direct-lines-shares-may-not-motoring-6pc-yield-makes/

[fllegend] 27/10/2018 13:49

If IPT rise leads to a increase in premiums it should lead to an increase in policy numbers for DLG, as their policies are cheaper than many other insurers for new customers and a opportunity to grow the book. Most analysts understand very little about motor insurance and this stock is very undervalued at the moment, and same goes for Aviva too.

[eeza] 27/10/2018 12:33

Most taxation punishes or disincentives, but is usually presented as being beneficial.

[essentialinvestor] 27/10/2018 12:18

Regressive, as it penalises low earners disproportionately on compulsory insurance such as motor. It's not as if public transport is a cheap alternative.

[eeza] 27/10/2018 12:13

Then they'll invent another tax starting at 3% - rinse & repeat.

[lord gnome] 27/10/2018 11:01

Almost a certainty, jr. The tax will increase until it is in line with vat rates.

[jrphoenixw2] 27/10/2018 10:59

The UK Budget on 29-Oct might also be a factor for volatility with insurers. From an article [DT] today floating what it might include: 'There are mounting concerns that he could hike insurance premium tax to help fund increases in public spending.'

[sundial1] 26/10/2018 18:37

directors wont be buying. wait till after winter .if we have a bad one timber!!!

[essentialinvestor] 26/10/2018 10:53

Directors here have been astute buyers, making well timed opportunistic purchases over the years, silence is golden on that front atm, so I'm staying clear. May be too cautious a view.

[lord gnome] 25/10/2018 08:01

Looks like the read-across from Hastings Q3 RNS is taking us back down again this morning.

[sufc555] 24/10/2018 15:04

about 100m per 1% change in ogden rate - current rate -0.75% new rate expected to be between 0 and 1%

[scrwal] 24/10/2018 14:11

Any ideas of what the DLG cost savings would be as the 7p interim was £96.2m in cash so part of the savings after tax may be passed on as part of the year end special div.