Direct Line Insurance Group PLC
DLG: XLON (GBR)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
GBX 594.00 | Cgsmg | Bzcj |
Direct Line Earnings: A Small Profit Marked With Continued Capital Discipline
Direct Line’s first-half profit of GBP 61.6 million is a marked improvement versus the GBP 76.3 million loss the business turned last year. While it is below our full-year forecast, the business has announced a GBX 2.0 per share dividend, and we think that marks continued capital discipline.