Direct Line Insurance Group

DLG: 280.30 +3.40 (+1.23%) delayed: 12 Nov 2019, 18:29

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Direct Line Insurance Group Fundamentals

Share Price Information

Name Direct Line Insurance Group
Epic DLG
Sector Property & Casualty Insurance
ISIN GB00BY9D0Y18
Activites Direct Line Group is a retail general insurer with leading market positions in the United Kingdom, a strong presence in the direct motor channel in Italy and Germany and a focused position in UK SME commercial insurance. The Group operates under highly recognised brands such as Direct Line and Churchill and is comprised of five primary segments: motor, home, rescue and other personal lines, commercial and international. In the UK, Direct Line Group utilises a multi-brand, multi-product and multi-distribution channel business model that covers most major customer segments for personal lines general insurance. The Group also has a focused presence in the commercial market. The Group occupies leading market positions in terms of in-force policies and has the most highly recognised brands in the UK for personal motor and home insurance including Direct Line and Churchill. Other primary Direct Line Group brands include Privilege and Green Flag; NIG, a provider of insurance solutions to UK SMEs and Direct Line For Business ('DL4B'), the Group's direct commercial brand. The Group is also a major provider of insurance through a number of strategic partnerships. In Italy and Germany the Group operates under the Direct Line brand.
Index FTSE 250

Key numbers

Latest Share price (p) 280.30 Net gearing (%) 56.60
Market capitalisation (£m) 3,807.38 Gross gearing (%) 68.89
Shares in issue (m) 1,375.00 Debt ratio 68.89
P/E ratio 8.27 Debt-to-equity ratio 1.00
Total dividends per share (p) 21.00 Assets / equity ratio 3.22
Dividend yield (%) 7.66 Price to book value 1.30
Dividend cover 1.58 ROCE (%) 6.21
Earning per share (p) 33.50 EPS growth (%) 5.35
52-week high / low (p) 366.60 / 270.40 DPS growth (%) 2.94

Results at a glance

Date Type Turnover (£m) Profit (£m) Basic EPS Currency
31 Dec 2018 Full Year 3,436 474 33.50 GBP
31 Dec 2017 Full Year 3,490 434 31.80 GBP
31 Dec 2016 Full Year 3,337 279 20.40 GBP

Dividend history

Period Ex-date Pay-date Net dividend Currency Total for year
H1 Dividend 08 Aug 2019 06 Sep 2019 7.20 GBX 0.00
Special Dividend 04 Apr 2019 16 May 2019 8.30 GBX 0.00
H2 Dividend 04 Apr 2019 16 May 2019 14.00 GBX 21.00
H1 Dividend 09 Aug 2018 07 Sep 2018 7.00 GBX 0.00
Special Dividend 05 Apr 2018 17 May 2018 15.00 GBX 0.00
H2 Dividend 05 Apr 2018 17 May 2018 13.60 GBX 20.40
H1 Dividend 10 Aug 2017 08 Sep 2017 6.80 GBX 0.00
H2 Dividend 16 Mar 2017 18 May 2017 9.70 GBX 14.60
Special Dividend 11 Aug 2016 09 Sep 2016 10.00 GBX 0.00
H1 Dividend 11 Aug 2016 09 Sep 2016 4.90 GBX 0.00
Special Dividend 10 Mar 2016 19 May 2016 8.80 GBX 0.00
H2 Dividend 10 Mar 2016 19 May 2016 9.20 GBX 13.80
H1 Dividend 13 Aug 2015 11 Sep 2015 4.60 GBX 0.00
Special Dividend 29 Jun 2015 24 Jul 2015 27.50 GBX 0.00
Special Dividend 12 Mar 2015 17 Apr 2015 4.00 GBX 0.00
H2 Dividend 12 Mar 2015 17 Apr 2015 8.80 GBX 13.20

Contact details

Company name Direct Line Insurance
Address Churchill Court, Westmoreland Road, Bromley, Kent BR1 1DP.
Telephone +44 (0)20 8313 3030
Website http://www.directlinegroup.com/

Advisors

Company's broker Goldman Sachs
Company's joint broker Morgan Stanley Securities
NOMAD n/a
Registrar Computershare Investor Service
Auditors Deloitte & Touche LLP
Solicitors Allen & Overy LLP

Directors

Appointed Director Position
01 Nov 2017 Penelope Jane James Chief Executive Officer
01 Oct 2019 Timothy Walter Harris Chief Financial Officer
27 Apr 2012 Michael Nicholas Biggs Non-Executive Chairman
01 Feb 2017 Danuta Gray Non-Executive Director
01 Mar 2018 Mark Julian Gregory Non-Executive Director
18 Jan 2016 Dr Richard Churchill Ward Non-Executive Director
01 Mar 2018 Gregor Ninian Stewart Non-Executive Director
01 Sep 2018 Fiona Catherine McBain Non-Executive Director
28 Aug 2014 Sebastian Richard Edward Cuthbert James Non-Executive Director
20 Dec 2011 Jane Carolyn Hanson Non-Executive Director

Company financials

Assets (£m) 2018 2017 2016
Reporting date 31 Dec 2018 31 Dec 2017 31 Dec 2016
Tangible assets 156 174 181
Intangible asssets and goodwill 567 471 509
Investments and other non-current assets 322 309 329
Total non-current assets 1,045 955 1,019
Inventory / work in progress 0 0 0
Trade and other receivables 875 981 988
Cash and equivalents 1,154 1,359 1,166
Other current assets and asset held for resale 6,311 6,654 6,949
Total of all assets 9,386 9,948 10,122
Liabilities (£m) 2018 2017 2016
Short term liabilities 0 0 0
Long term liabilities 0 0 0
Other liabilites / pension etc 6,467 6,887 7,600
Total of all liabilities 6,467 6,887 7,600
Net assets (£m) 2018 2017 2016
Net assets 2,920 3,062 2,522
Equity (£m) 2018 2017 2016
Share capital 0 0 0
Minority interests 347 347 0
Retained earnings 0 0 0
Share premium account 0 0 0
Other equity 2,573 2,715 2,522
Total equity 2,920 3,062 2,522
Cash Flow (£m) 2018 2017 2016
Cash from operating activities 472 546 862
Cashflow before financing 331 451 737
Increase / decrease in Cash -212 194 208
Income (£m) 2018 2017 2016
Turnover 3,436 3,490 3,337
Cost of sales 0 0 0
Gross profit 0 0 0
Operating profit 602 643 390
Pre-tax profit 583 539 353
Profit / loss for the year 474 434 279