Direct Line Insurance (GB:DLG) has released an update.
Direct Line Insurance Group PLC has unveiled a new strategy aimed at establishing itself as the top choice for customers and achieving profitable growth, particularly by leveraging its Direct Line brand on Price Comparison Websites (PCWs) for Motor insurance. The company targets at least £100 million in cost savings by 2025 and anticipates a 13% Net Insurance Margin by 2026, alongside a revised dividend policy promising approximately 60% of operating earnings to shareholders. Additionally, Direct Line will concentrate on growth in the Home, Commercial Direct, and Rescue sectors while divesting from non-core areas such as OEM affinity Motor partnerships and other personal lines businesses.
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