Mar 03, 2020 / 09:00AM GMT
Penelope Jane James - Direct Line Insurance Group plc - CEO & Executive Director
Well, good morning, everyone. And firstly, I'd just like to thank Allen & Overy -- can't see where David is, but Allen & Overy for lending us their fabulous facility this morning. So thank you for that. Thanks for joining us today.
Looking back at 2019, I've to say I'm really pleased with what we've achieved, both financially and operationally. And we've improved the quality of our earnings, we've delivered an operating profit of GBP 547 million and a return on tangible equity of 20.8%, which I think demonstrates the resilience of the business model. As a result, we're able to pay a final dividend of 14.4p and a total dividend for the year growing by 2.9%, and we're launching our GBP 150 million buyback.
From an operational perspective, the technology upgrades that we've been working towards are injecting real momentum into the transformation now. And we've traded effectively navigating pretty difficult market conditions. So I think 2019's achievements are a real testament to the quality and the
Full Year 2019 Direct Line Insurance Group PLC Earnings Call Transcript
Mar 03, 2020
Already have an account? Log in
Get the full story
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent 
4.6 out of 5 
Trustpilot
Trustpilot
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers