Direct Line Group
 |
|
| Type | Public |
|---|---|
| Traded as | LSE: DLG |
| Industry | Insurance |
| Founded | February 2012[1] |
| Headquarters | Bromley, Kent, United Kingdom |
| Area served | United Kingdom Italy Germany |
| Key people | Mike Biggs, (Chairman) Paul Geddes, (CEO)[2] |
| Products | General insurance, finance |
| Revenue | £ 4,202.5 million (2012)[3] |
| Operating income | £ 277.8 million (2012)[3] |
| Net income | £ 184.3 million (2012)[3] |
| Employees | 15,000 (2012)[4] |
| Subsidiaries | Direct Line Churchill Green Flag Privilege Tracker Brand Partners |
| Website | www.directlinegroup.com |
Direct Line Insurance Group is a leading insurance business which is listed on the London Stock Exchange. It is a constituent of the FTSE 250 Index.
Contents |
History [edit]
The company was originally established as the insurance division of The Royal Bank of Scotland Group. In September 2012, the Group's Chief Executive, Paul Geddes, announced the business was "operating as a standalone insurance company", in advance of a future full divestment from the RBS Group.[5] The company was the subject of an Initial Public Offering in October 2012.[6] RBS sold a 30% share of the business in the IPO, and announced plans in March 2013 to sell a further 15.3%. This will eventually leave RBS with a 49.99% holding.[7]
Operations [edit]
The Group owns a number of general insurance brands operating within the United Kingdom, Italy and Germany primarily, including Direct Line, Churchill, and Green Flag.
References [edit]
- ^ Alex Brownsell (9 February 2012). "RBS Insurance division to rebrand as Direct Line Group". Marketing. Retrieved 3 September 2012.
- ^ "Board". Direct Line Group. 2012. Retrieved 3 September 2012.
- ^ a b c Preliminary Results 2012
- ^ "Group profile". Direct Line Group. 2012. Retrieved 3 September 2012.
- ^ "Direct Line nears RBS separation". BBC News Online. 3 September 2012. Retrieved 3 September 2012.
- ^ "Direct Line IPO 'priced to go' at 175p". The Telegraph. 11 October 2012. Retrieved 20 December 2012.
- ^ "RBS sells stake in Direct Line". BBC News. 12 March 2013. Retrieved 12 March 2013.
External links [edit]
 |
This article on an insurance company is a stub. You can help Wikipedia by expanding it. |
 |
This article about a company of the UK is a stub. You can help Wikipedia by expanding it. |
