Direct Line Insurance Group

Direct Line Insurance Group is a personal and small business general insurer in the U.K. Co.'s principal activity is managing its investments in subsidiaries, providing loans to those subsidiaries, raising funds, and the receipt and payment of dividends. Co.'s segments are Motor, which consists of personal motor insurance together with the associated legal protection cover; Home, which consists of home insurance together with associated legal protection cover; Rescue and other personal lines, which consists of rescue products, and other personal lines insurance, including travel, pet and creditor; and Commercial, which consists of commercial insurance for small and medium-size entities.
  • TickerDLG
  • ISINGB00BY9D0Y18
  • ExchangeLondon Stock Exchange
  • SectorNonlife Insurance
  • CountryUnited Kingdom

Analysts

Henry Heathfield

Morningstar | Direct Line Reports 2018 Results; We Still Don't Like Outlook for Sector

Direct Line Insurance Group reported full-year results with profit before tax of GBP 583 million, slightly above our full-year estimate. This is higher than the GBP 539 million of the prior year. Gross written premium was down at GBP 3.2 billion versus GBP 3.4 billion, but the business achieved 180-basis-point growth in gross written premium coming from its own brands. We will maintain our fair value estimate for the time being while we roll our valuation model, but we think there are some warning signs coming out of these results. We maintain our no-moat rating. The final dividend being prop...

Henry Heathfield

Direct Line Reports 2018 Results; We Still Don't Like Outlook for Sector

Direct Line Insurance Group reported full-year results with profit before tax of GBP 583 million, slightly above our full-year estimate. This is higher than the GBP 539 million of the prior year. Gross written premium was down at GBP 3.2 billion versus GBP 3.4 billion, but the business achieved 180-basis-point growth in gross written premium coming from its own brands. We will maintain our fair value estimate for the time being while we roll our valuation model, but we think there are some warni...

Direct Line Insurance Group – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Henry Heathfield

Continued Brexit Uncertainty Complicates Outlook for Direct Line Earnings

After the election result on Prime Minister Theresa May’s deal for Brexit, we are maintaining our GBX 260 fair value estimate and no-moat rating for Direct Line Insurance. May must secure a 49% vote of confidence, and U.K. motor and housing data points to a slide. The election result, in our opinion, still leaves the United Kingdom in a very precarious political situation with uncertainty about sovereignty or European Union membership. We have long been a bear on Direct Line because while we thi...

Direct Line Insurance Group plc: Semi-annual update

Our credit view on Direct Line reflects the company's very strong position in UK P&C personal lines, and robust profitability.

Direct Line Insurance Group plc: Semi-annual update

Our credit view on Direct Line reflects the company's very strong position in UK P&C personal lines, and robust profitability.

Moody's assigns Ba1(hyb) rating to Direct Line Group plc's GBP350 million perpetual contingent convertible notes

Rating Action: Moody's assigns Ba1 rating to Direct Line Group plc's GBP350 million perpetual contingent convertible notes. Global Credit Research- 04 Dec 2017. NOTE: On December 6, 2017, the press release was corrected as follows: In the debt list, under assigned ratings, the description of the Direct Line Insurance Group plc note was changed from floating rate to fixed rate.

Moody's assigns Ba1(hyb) rating to Direct Line Group plc's GBP350 million perpetual contingent convertible notes

Rating Action: Moody's assigns Ba1 rating to Direct Line Group plc's GBP350 million perpetual contingent convertible notes. Global Credit Research- 04 Dec 2017. London, 04 December 2017-- Moody's Investors Service has today assigned a Ba1 rating to the GBP350 million fixed rate reset perpetual restricted Tier 1 contingent convertible notes to be issued by Direct Line Insurance Group plc.

Moody's assigns Ba1(hyb) rating to Direct Line Group plc's GBP350 million perpetual contingent convertible notes

Rating Action: Moody's assigns Ba1 rating to Direct Line Group plc's GBP350 million perpetual contingent convertible notes. Global Credit Research- 04 Dec 2017. London, 04 December 2017-- Moody's Investors Service has today assigned a Ba1 rating to the GBP350 million fixed rate reset perpetual restricted Tier 1 contingent convertible notes to be issued by Direct Line Insurance Group plc.

Direct Line Insurance Group plc: Update following affirmation of the ratings and outlook changed to positive

FINANCIAL INSTITUTIONS CREDIT OPINION 16 November 2017 Update RATINGS Direct Line Insurance Group plc Domicile United Kingdom Long Term Rating Baa1 Type Subordinate - Dom Curr Outlook Positive Please see the  ratings section  at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Helena Kingsley- Tomkins +44.

Henry Heathfield

Morningstar | Direct Line Reports 2018 Results; We Still Don't Like Outlook for Sector

Direct Line Insurance Group reported full-year results with profit before tax of GBP 583 million, slightly above our full-year estimate. This is higher than the GBP 539 million of the prior year. Gross written premium was down at GBP 3.2 billion versus GBP 3.4 billion, but the business achieved 180-basis-point growth in gross written premium coming from its own brands. We will maintain our fair value estimate for the time being while we roll our valuation model, but we think there are some warning signs coming out of these results. We maintain our no-moat rating. The final dividend being prop...

Henry Heathfield

Direct Line Reports 2018 Results; We Still Don't Like Outlook for Sector

Direct Line Insurance Group reported full-year results with profit before tax of GBP 583 million, slightly above our full-year estimate. This is higher than the GBP 539 million of the prior year. Gross written premium was down at GBP 3.2 billion versus GBP 3.4 billion, but the business achieved 180-basis-point growth in gross written premium coming from its own brands. We will maintain our fair value estimate for the time being while we roll our valuation model, but we think there are some warni...

Henry Heathfield

Continued Brexit Uncertainty Complicates Outlook for Direct Line Earnings

After the election result on Prime Minister Theresa May’s deal for Brexit, we are maintaining our GBX 260 fair value estimate and no-moat rating for Direct Line Insurance. May must secure a 49% vote of confidence, and U.K. motor and housing data points to a slide. The election result, in our opinion, still leaves the United Kingdom in a very precarious political situation with uncertainty about sovereignty or European Union membership. We have long been a bear on Direct Line because while we thi...

Henry Heathfield

Morningstar | Direct Line 1H 2018: Shares Overvalued; Still Have Major Concerns on Business Model

Direct Line reported first-half 2018 results that were ahead of our expectations. We still don't like the business model, but we accept that our previous near-term EPS estimate was slightly too conservative. We are therefore revising our fair value estimate up to GBX 260 from GBX 240 per share, but we maintain our no-moat and stable trend ratings. Gross written premiums are down 5% on the comparable, as the business lost home partnerships with Nationwide and Sainsbury's. Stripping these out, premium was up half a percent. Own brands are better, and this is where the business should focus, at ...

Henry Heathfield

Morningstar | Direct Line 1H 2018: Shares Overvalued; Still Have Major Concerns on Business Model. See Updated Analyst Note from 01 Aug 2018

Direct Line reported first-half 2018 results that were ahead of our expectations. We still don't like the business model, but we accept that our previous near-term EPS estimate was slightly too conservative. We are therefore revising our fair value estimate up to GBX 260 from GBX 240 per share, but we maintain our no-moat and stable trend ratings. Gross written premiums are down 5% on the comparable, as the business lost home partnerships with Nationwide and Sainsbury's. Stripping these out, premium was up half a percent. Own brands are better, and this is where the business should focus, at ...

1 director sold after exercising options/sold

A director at Direct Line Insurance Group sold after exercising options/sold 661,769 shares at 373p and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted u...

DIRECT LINE IN.GP.PLC. sees an upgrade to Positive due to a better fundamental star rating

The general evaluation of DIRECT LINE IN.GP.PLC. (GB), a company active in the Full Line Insurance industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date November 27, 2018, the closing price was GBp 329.40 and its potential was estimated at GBp 354.84.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

MarketLine Department

RSA Insurance Group plc - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

RSA Insurance Group plc - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments Marketline's RSA Insurance Group plc Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by RSA Insurance Group plc since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic ...

Direct Line Insurance Group – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Matthieu DRIOL

Short term view - DIRECT LINE INSURANCE GROUP : The background trend is clearly bearish.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at 333.00 p. The next target is at 313.35 p, then 303.19 p. Passing 339.58 p would question the continuation of the fall.

Matthieu DRIOL

Analyse court terme - DIRECT LINE INSURANCE GROUP : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 333,00 p prochainement. Le prochain objectif est à 313,35 p, puis 303,19 p. Le franchissement de 339,58 p remettrait en cause la suite de la baisse.

Matthieu DRIOL

Analyse court terme - DIRECT LINE INSURANCE GROUP : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 313,35 p. La tendance de fond serait remise en cause en cas de franchissement de 339,58 p.

Matthieu DRIOL

Short term view - DIRECT LINE INSURANCE GROUP : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at 313.35 p. The background trend would be questioned should prices rise above 339.58 p.

Matthieu DRIOL

Medium term view - DIRECT LINE INSURANCE GROUP : Falling prices.

The trend is uncertain. Prices are falling and they may accelerate to the downside. A new bearish trend is attempting to emerge.

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