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Aviva completes acquisition of Direct Line and assumes responsibility for bonds
Aviva has completed the acquisition of Direct Line Insurance Group and has informed bondholders about the new terms. Aviva will assume primary liability for certain subordinated bonds issued by Direct Line, while other bonds will remain with Direct Line. The acquisition results in regulatory changes affecting capital requirements and the conversion features of certain bonds. » More on de.investing.com
Aviva receives court approval for acquisition of Direct Line
The High Court has approved the scheme of arrangement for Aviva's acquisition of Direct Line Insurance Group. The UK competition authority has also cleared the takeover without conditions, and trading in Direct Line shares will be suspended. The transaction will be carried out as a cash and share offer and will take effect upon registration with the commercial register. » More on de.investing.com
Historical dividends Dividends
All dividend metrics All metricsFinancials
| (EUR) | 2024 | YoY |
|---|---|---|
| Revenue | 5.47bn | 28.73% |
| Gross profit | 5.47bn | 45.32% |
| Net profit | 196.08m | 23.61% |
| EBITDA | 449.8m | 5.92% |
Fundamentals
| Metric | Value |
|---|---|
Market capitalization | €4.04bn |
Number of shares | 1.3bn |
52-week high/low | €3.72 - €1.86 |
| Dividends | No |
Beta | 0.50 |
P/E ratio | 34.35 |
PEG ratio | 0.34 |
P/B ratio | 1.60 |
P/S ratio | 0.87 |
Company profile
Direct Line Insurance Group plc provides general insurance products and services in the United Kingdom. The company operates through Motor, Home, Rescue and Other Personal Lines, and Commercial segments. It offers motor, home, rescue, travel, creditor, and pet insurance products, as well as insurance for mid-to-high-net worth customers; and commercial insurance for small and medium-sized enterprises. The company also provides management, motor vehicle repair, insurance intermediary, support and operational, legal, and breakdown recovery services. It sells its insurance products directly through price comparison Websites and phone, as well as through partners and brokers under the Direct Line, Churchill, Green Flag, Direct Line for Business, DLG Partnerships, NIG, Privilege, DLG Legal Services, Darwin, and DLG Auto Services brands. The company was formerly known as RBS Insurance Group Limited and changed its name to Direct Line Insurance Group plc in February 2012. Direct Line Insurance Group plc was founded in 1985 and is based in Bromley, the United Kingdom.
| Name | Direct Line Insurance |
| CEO | Adam Charles Winslow |
| Headquarters | Bromley,
United Kingdom |
| Website | |
| Sector | Financials |
| Industry | Insurance |
| IPO | 11/10/2012 |
| Employees | 9,053 |
Ticker symbols
| Exchange | Symbol |
|---|---|
London Stock Exchange | DLG.L |
Pnk | DIISF |
Frankfurt | D1LN.F |
Düsseldorf | D1LN.DU |
London | DLG.L |
SIX | D1LN.SW |
München | D1LN.MU |