Direct Line Insurance Share Discussion Threads

[jrphoenixw2] 04/10/2019 07:59

For those who haven't FT access: 'Six million insurance policyholders not getting a good deal, says FCA Around six million insurance policyholders pay high prices and are not getting a good deal, according to the City regulator. The Financial Conduct Authority (FCA) made the comments as it published an interim report into the pricing of home and motor insurance. If those customers paying high premiums paid the average price for their risk they could save around £1.2 billion a year, the regulator said. It is considering remedies to improve competition, which could include banning or restricting practices such as raising prices for consumers who renew year on year or requiring firms to automatically move consumers to cheaper equivalent deals. [...edit.../continues in long depressing detail] The regulator intends to publish a final report and consultation on remedies in the first quarter of 2020.

[smithp1] 04/10/2019 07:46

Kind o similar to what is going on in the energy sector, just don’t want a race to the bottom though

[wllmherk] 04/10/2019 07:31

To be honest, if people are too lazy or too stupid to shop around they deserve to pay higher prices. I'm getting fed up with regulators crushing my shares. wllm

[cwa1] 04/10/2019 07:25

This perhaps? https://www.ft.com/content/170b619e-e670-11e9-b112-9624ec9edc59

[smithp1] 04/10/2019 07:12

I think regulation is keeping this under pressure some report out this morning

[cwa1] 04/10/2019 07:07

Well I've had a little nibble this morning. Anyone know what's been scaring the horses of late?

[essentialinvestor] 19/9/2019 15:57

I have this on a watch list, looks like some of you guys have called the low. Can highly recommend Green Flag fwiw.

[ajr171166] 19/9/2019 15:48

Big volume bought late today, perhaps on an upward turn now as should be trading around 3.40 at least

[peteret] 19/9/2019 13:21

Why is this climbing today

[yf23_1] 17/9/2019 16:05

Nice reversal today, looks like 300p is the new support.

[skinny] 16/9/2019 06:03

Direct Line Group appoints new CFO.

[fizzypop] 10/9/2019 10:59

Hi Woody, welcome back. Lots going on with GFRD, GVC and GAN this week. Bought back in to HGM pre Ex-divi on 12 Sep altho divi only 2% but CG primary focus.

[woodhawk] 10/9/2019 08:14

I'm not surprised - I find iWEB always on time with payment of dividends - IG Index on the other hand are always late in my experience.

[micos] 10/9/2019 07:58

Received with I-web

[rik shaw] 10/9/2019 07:51

Yes received with HL

[woodhawk] 10/9/2019 07:36

Have other holders received their DLG dividend payments yet? As usual, one of my platforms, IG Index have another in a long line of excuses for routine late payment of dividends.

[essentialinvestor] 05/9/2019 10:50

arja, any downside targets? Thanks.

[arja] 05/9/2019 08:03

awful looking chart .

[essentialinvestor] 04/9/2019 12:14

Let's see if the Chair or non execs buy a few then. Silence is golden atm ...

[essentialinvestor] 03/9/2019 20:19

Chairman of the ABI on a no deal exit: ...a no-deal exit would require insurance companies to raise additional capital which would reduce competitiveness and lead to lower returns for investors.

[fllegend] 03/9/2019 19:53

The Berenberg analyst note that downgraded the target price by about 8p or so to 331 or something again validated my long held view that analysts simply do not understand personal lines motor/home insurance. The research note said that one of the key risks is that the management and Board are now accepting they are falling behind on price comparison websites, and there is a risk of IT transformation projects going awry. This would be an accurate assessment 4 or 5 years ago, but the latest H1 results have stated that the company have launched a new brand on price comparison called Darwin, which utilises Big Data and machine learning to target consumers, and that the major IT upgrade project costing several hundred million is being rolled out in 2019/2020. The upsides to this when, and I say when deliberately, the company announces a big dividend and strong results, will be massive.

[essentialinvestor] 03/9/2019 18:49

Demoted wef 23 September.

[essentialinvestor] 03/9/2019 17:52

* over the year ...that should have read.

[scrwal] 03/9/2019 17:22

There is a chance of a demotion to the FTSE 250 so there will be selling from the 100 trackers but buying from the 250 ones. This may be why the BOD aren't buying or maybe they don't have spare funds available.