DIRECT LINE INSURANCE GROUP PLC ORD GBP0.109090909
Symbol: DLG
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Company
Business Summary
Direct Line Insurance Group plc is a United Kingdom-based company. The principal activity of the Company is managing its investments in subsidiaries, providing loans to those subsidiaries, raising funds for the Group and the receipt and payment of dividends. The Company’s segments include Motor, Home, Rescue and other personal lines, and Commercial. The Motor segment consists of personal motor insurance together with the associated legal protection cover. The Home segment consists of home insurance together with associated legal protection cover. The Rescue and other personal lines segment consist of rescue products, which are sold direct through the Groups own brand, Green Flag, and other personal lines insurance. The Commercial segment consists of commercial insurance for small and medium-sized enterprises sold through the Group's brands NIG, Direct Line for Business and Churchill. NIG sells its products through brokers operating across the United Kingdom.
Financial Summary
BRIEF: For the fiscal year ended 31 December 2023, Direct Line Insurance Group PLC revenues increased 26% to £3.7B. Net income applicable to common stockholders totaled £206.3M vs. loss of £248.5M. Revenues reflect Fin Inc/Exp frm reinsur ContrHeld-IFRS17 increase from -£101.5M to £28M, Total interest income calculated using e increase of 57% to £171.8M. Net Income reflects GAAP Expense Ratio - %-Commercial decrease of 29% to 14.9%.
Financials
Income Statement - All values are in GBP (M).
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
---|---|---|---|---|---|---|
Total Revenue | 3,698.50 | 3,149.60 | 3,229.50 | 3,202.20 | 3,284.20 | 3,426.80 |
Gross profit | NIL | NIL | NIL | NIL | NIL | NIL |
Operating Profit/Loss | 277.60 | -48.00 | 437.70 | 446.00 | 506.30 | 578.80 |
Profit Before Tax | 277.40 | -45.10 | 446.00 | 451.40 | 509.70 | 582.60 |
Profit After Tax | 222.90 | -39.50 | 343.70 | 367.20 | 419.90 | 473.70 |
Equity Holders of Parent Company | 206.30 | -56.10 | 327.10 | 350.60 | 403.30 | 473.70 |
Minority Interest | NIL | NIL | NIL | NIL | NIL | NIL |
Balance Sheet - All values are in GBP (M).
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
---|---|---|---|---|---|---|
Total Non-Current Assets | 8,417.20 | 8,354.60 | 9,308.60 | 9,622.30 | 9,434.20 | NIL |
Total Current Assets | NIL | NIL | NIL | NIL | NIL | NIL |
Total Assets | 8,417.20 | 8,354.60 | 9,308.60 | 9,622.30 | 9,434.20 | 9,386.10 |
Total Liabilities | 6,012.50 | 6,420.60 | 6,758.40 | 6,922.60 | 6,790.60 | NIL |
Total Net Assets | 2,404.70 | 1,934.00 | 2,550.20 | 2,699.70 | 2,643.60 | NIL |
Shareholders Funds | 2,404.70 | 1,934.00 | 2,550.20 | 2,699.70 | 2,643.60 | 2,573.10 |
Minority Interests | NIL | NIL | NIL | NIL | NIL | NIL |
Total Equity | 2,404.70 | 1,934.00 | 2,550.20 | 2,699.70 | 2,643.60 | NIL |
Outlook
Broker View
Data shown is based on the past 75 days of broker views.
ActionBrokers |
Strong Buy5 |
Buy3 |
Neutral5 |
Sell1 |
Strong Sell0 |
---|---|---|---|---|---|
Brokers | 5 | 3 | 5 | 1 | 0 |
Consensus |
ConsensusBuy |
Not advice based on your circumstances. Does not constitute a recommendation to buy or sell this or any other security. Selected data supplied by Digital Look® Read more.
Forecasts
Year | 2024 | 2025 | 2026 |
---|---|---|---|
Revenue | £3,195.54mn | £3,393.89mn | £3,499.04mn |
Pre-tax-Profit | £309.57mn | £446.03mn | £495.93mn |
EPS | £0.16p | £0.25p | £0.27p |
EPS Growth | -2.24% | 58.80% | 9.01% |
P/E | 12.8 | 8.22 | 7.03 |
PEG Ratio | -5.72 | 0.14 | 0.78 |
Dividend | 14.41p | 17.98p | 19.81p |
Yield | 0.00% | 0.00% | 0.00% |
Upgrades & Downgrades (Latest)
Date | Broker | Recommendation | Price | Old Target | New Target | Change |
---|---|---|---|---|---|---|
3rd Apr 2024 | Berenberg Bank | Reiteration | 192p | 195p | 220p | Buy |
29th Feb 2024 | Barclays | Upgrade | 202p | 188p | 219p | Equal-weight |
29th Feb 2024 | Berenberg Bank | Reiteration | 202p | 0p | 195p | Buy |
29th Nov 2023 | Deutsche | Upgrade | 190p | 170p | 250p | Buy |
21st Nov 2023 | Citigroup | Reiteration | 190p | 0p | 0p | Buy |
3rd Oct 2023 | Berenberg Bank | Reiteration | 165p | 0p | 161p | Hold |
13th Sep 2023 | Berenberg Bank | Reiteration | 179p | 152p | 161p | Hold |
8th Sep 2023 | Barclays | Reiteration | 182p | 0p | 166p | Underweight |
12th Jun 2023 | Berenberg Bank | Reiteration | 165p | 0p | 152p | Hold |
24th Apr 2023 | Deutsche | Reiteration | 170p | 180p | 175p | Hold |
Time & Sales
All prices are in GBX and times are in GMT. Last 20 trades shown. Trade type is estimated and should be treated as indicative only.
Date | Time | Price | Volume | Type |
---|---|---|---|---|
24 Apr 2024 | 17:29 | 189.538 | 11,608 | Buy |
24 Apr 2024 | 17:27 | 189.853 | 2,711 | Buy |
24 Apr 2024 | 17:24 | 189.289 | 97,641 | Buy |
24 Apr 2024 | 17:24 | 189.499 | 177,514 | Buy |
Selected data supplied by Thomson Reuters © View restrictions.