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    DLG   GB00BY9D0Y18

DIRECT LINE INSURANCE GROUP PLC

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Direct Line Insurance : Group announces senior management move

07/15/2021 | 10:25am EDT

Direct Line Group ('the Group') announces the latest in a series of senior management changes as it moves to the next strategic phase of building an insurance company of the future, driven by its transformation programme, underpinned by data and technology that is fully digitally enabled.

After ten years at Direct Line Group and following the successful delivery of a new motor platform, Gus Park, Managing Director of Motor and Pricing and Underwriting, will be leaving the business during August to take up other opportunities.

Jazz Gakhal has been appointed to the role of Managing Director of Motor having recently being made a permanent member of the Group's Executive Committee ('ExCo'). She recently led Direct Line for Business overseeing a digital transformation which has delivered customer benefits using new tech, successfully establishing the Group in a strong growth market. Kate Syred will take on responsibility for Pricing and Underwriting, alongside her existing responsibilities on ExCo for Household, Partnerships and Data.

Penny James, CEO said: 'Gus is a much loved colleague across the Group and we all wish him well for the future. Over the last ten years he has been integral to many of the Group's successes. From launching our new motor brand Darwin, building up our digital and data capability and recently launching our new technology platform for Direct Line, Churchill and Privilege motor customers - these results have all benefited from Gus' determination and expertise. It is testament to Gus that he leaves an experienced team as the Group enters the next phase of its strategic journey.'

On Jazz Gakhal's appointment Penny James said:

'I'm delighted to welcome Jazz to her new role at a time when the business has real momentum. We're fully set for the next phase of our strategy to drive benefits and growth out of our technology transformation programme. I have no doubt she will be a great addition to ExCo - her record at transforming Direct Line for Business will bring great insight as we move to take advantage of the investments we've made in data, digitalisation and our new motor platform.'

For more information contact:

Nicole Boahene Asomah

Corporate Communications Executive

Mobile: 075 8386 0856

Email: [email protected]

Disclaimer

Direct Line Insurance Group plc published this content on 15 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 July 2021 14:24:05 UTC.


ę Publicnow 2021
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Financials
Sales 2021 3 065 M 4 206 M 4 206 M
Net income 2021 345 M 473 M 473 M
Net Debt 2021 - - -
P/E ratio 2021 11,6x
Yield 2021 8,42%
Capitalization 3 867 M 5 312 M 5 307 M
Capi. / Sales 2021 1,26x
Capi. / Sales 2022 1,20x
Nbr of Employees 10 807
Free-Float 98,3%
Chart DIRECT LINE INSURANCE GROUP PLC
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Technical analysis trends DIRECT LINE INSURANCE GROUP PLC
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 290,80 GBX
Average target price 363,89 GBX
Spread / Average Target 25,1%
EPS Revisions
Managers and Directors
Penelope Jane James Chief Executive Officer & Executive Director
Neil David Manser Chief Financial Officer & Executive Director
Danuta Gray Chairman
Steven Maddock Chief Operating Officer
Sebastian Richard Edward James Independent Non-Executive Director
Sector and Competitors