Direct Line Group
Home | Direct Line Insurance Group.
| GBP | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | (1 %) | 6 % | (2 %) | 1 % | (3 %) | 23 % | 18 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 22 % | 19 % | 19 % | 21 % | 4 % | (2 %) | 9 % |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 15 % | 13 % | 11 % | 11 % | (1 %) | 6 % | 4 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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Direct Line Group's journey began in 1985, founded by Peter Wood and Martin Long. The company started as a pioneer in the insurance industry, introducing a direct-to-consumer model that bypassed traditional brokers. This innovative approach allowed customers to purchase insurance over the phone, a novel concept at the time.
Over the years, Direct Line Group expanded its offerings beyond car insurance to include home, pet, and travel insurance, becoming a household name in the UK. The company's growth was marked by its ability to adapt to changing market conditions and consumer needs, maintaining a strong brand presence.
In 2012, Direct Line Group underwent a significant transformation when it was divested from the Royal Bank of Scotland (RBS) and became a publicly traded company on the London Stock Exchange. This move allowed the company to operate independently and focus on its core insurance business.
The most notable event in Direct Line Group's history occurred in 2025 when it was acquired by Aviva for £3.7 billion. This acquisition marked a major shift in the UK insurance landscape, as Aviva aimed to strengthen its position in the market by integrating Direct Line's operations and expertise.
Throughout its history, Direct Line Group has been recognized for its commitment to customer service and innovation, consistently adapting to the evolving needs of its customers. The company's journey from a small startup to a major player in the insurance industry is a testament to its founders' vision and the resilience of its business model.
