In This Article:
Direct Line Insurance Group (LON:DLG) Full Year 2022 Results
Key Financial Results
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Revenue: UK£3.17b (down 1.4% from FY 2021).
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Net loss: UK£39.5m (down by 112% from UK£327.1m profit in FY 2021).
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UK£0.043 loss per share (down from UK£0.24 profit in FY 2021).
DLG Profitability Indicators
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Combined ratio: 106.0% (up from 90.1% in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Direct Line Insurance Group EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 38% growth forecast for the Insurance industry in the United Kingdom.
Performance of the British Insurance industry.
The company's shares are down 9.1% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 2 warning signs for Direct Line Insurance Group you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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