Direct Line Insurance Group (DLG)

Sector:

Insurance

Index:

FTSE 250

202.20p
   
  • Change Today:
    -4.80p
  • 52 Week High: 225.80
  • 52 Week Low: 133.90
  • Currency: UK Pounds
  • Shares Issued: 1,311.39m
  • Volume: 635,922
  • Market Cap: £2,651.63m
  • RiskGrade: 472

Direct Line sees no material hit from claim underpayment redress

By Frank Prenesti

Date: Thursday 29 Jun 2023

LONDON (ShareCast) - (Sharecast News) - UK insurer Direct Line said rectifying unfair motor claim payments over a five-year period to 2022 would not have a "material financial impact" on this year's results.






The company was on Wednesday ordered by Britain's Financial Conduct Authority to carry out a review of total losses where vehicles had been written off after it admitted it had underpaid some car and van insurance customers.

Direct Line was told "to identify any policyholders who received unfair settlements and provide them with appropriate redress".

In response on Thursday, the firm said an estimate of potential payments the group might make as a result of the review "was provided for within the group's 2022 financial year end claims reserves".

"The group does not expect the review to have a material financial impact in 2023," it added.

Reporting by Frank Prenesti for Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

DLG Market Data

Currency UK Pounds
Share Price 202.20p
Change Today -4.80p
% Change -2.32 %
52 Week High 225.80
52 Week Low 133.90
Volume 635,922
Shares Issued 1,311.39m
Market Cap £2,651.63m
RiskGrade 472

DLG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
39.53% above the market average39.53% above the market average39.53% above the market average39.53% above the market average39.53% above the market average
11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average
Price Trend
32.52% above the market average32.52% above the market average32.52% above the market average32.52% above the market average32.52% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Income
86.13% above the market average86.13% above the market average86.13% above the market average86.13% above the market average86.13% above the market average
25% below the sector average25% below the sector average25% below the sector average25% below the sector average25% below the sector average
Growth
47.25% below the market average47.25% below the market average47.25% below the market average47.25% below the market average47.25% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average

What The Brokers Say

Strong Buy 5
Buy 3
Neutral 6
Sell 1
Strong Sell 0
Total 15
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

DLG Dividends

  Latest Previous
  Final Interim
Ex-Div 04-Apr-24 11-Aug-22
Paid 17-May-24 09-Sep-22
Amount 4.00p 7.60p

Trades for 11-Jun-2024

Time Volume / Share Price
13:12 9,647 @ 202.25p
13:10 12 @ 202.20p
13:10 728 @ 202.20p
13:10 702 @ 202.20p
13:10 38 @ 202.20p

DLG Key Personnel

Chair Danuta Gray
CEO Adam Winslow

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