Direct Line Insurance ( (GB:DLG) ) has provided an announcement.
Direct Line Insurance Group PLC reported a significant turnaround in its 2024 financial results, showcasing a 25.3% increase in gross written premiums and a 12.3-point improvement in net insurance margin. The company launched new motor insurance products, improved pricing and underwriting capabilities, and achieved £395 million in ongoing operating profit. The strategic focus on cost savings and operational efficiency led to a £50 million reduction in run-rate costs, with expectations of further savings in 2025. The company also announced an acquisition agreement with Aviva, valuing Direct Line at approximately £3.7 billion, subject to regulatory approvals.
More about Direct Line Insurance
Direct Line Insurance Group PLC operates in the insurance industry, offering a range of insurance products including motor, home, rescue, and commercial direct insurance. The company focuses on leveraging technology and operational efficiencies to enhance customer outcomes and maintain a strong market position.
YTD Price Performance: 8.78%
Average Trading Volume: 9,856,682
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £3.61B
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