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    DLG   GB00BY9D0Y18

DIRECT LINE INSURANCE GROUP PLC

(DLG)
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Direct Line Insurance Group plc to Partner with Motability Operations Limited

07/22/2021 | 02:00am EDT

Direct Line Insurance Group plc ('Direct Line Group') announces that it is to enter into a new partnership with Motability Operations Ltd. ('Motability Operations') to provide insurance to the Motability Scheme, supporting its more than 600,000 customers. This partnership is expected to grow Direct Line Group's Motor customer base by approximately 15% to over 4.5 million, adding further scale to Direct Line Group's leading claims management service. This allows Motability Operations' customers to benefit from the investments Direct Line Group has made in vehicle repair and customer service, including its strong digital capabilities. Together with top quartile indemnity control, Direct Line Group will support Motability Operations' objective to provide market leading customer experience and value. The new arrangements are expected to take effect in approximately 18 months and be for 10 years. The Scheme's Gross Written Premium is approximately £500m per annum and, similar to Motability Operations' current structure, Direct Line Group will reinsure 80% of the risk back to Motability Operations via Motability Operations' reinsurance captive.


© S&P Capital IQ 2021
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Analyst Recommendations on DIRECT LINE INSURANCE GROUP PLC
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Financials
Sales 2021 3 095 M 4 269 M 4 269 M
Net income 2021 346 M 477 M 477 M
Net Debt 2021 - - -
P/E ratio 2021 12,0x
Yield 2021 8,04%
Capitalization 4 050 M 5 579 M 5 586 M
Capi. / Sales 2021 1,31x
Capi. / Sales 2022 1,25x
Nbr of Employees 10 807
Free-Float 98,3%
Chart DIRECT LINE INSURANCE GROUP PLC
Duration : Period :
Direct Line Insurance Group plc Technical Analysis Chart | DLG | GB00BY9D0Y18 | MarketScreener
Technical analysis trends DIRECT LINE INSURANCE GROUP PLC
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 3,05 GBX
Average target price 363,89 GBX
Spread / Average Target 11 850%
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