Paul Geddes, Chief Executive talks about the Company's performance in 2014 and outlook for the future
Paul Geddes, CEO of Direct Line Group, commented
"At the time of our IPO in 2012 we announced four targets for 2014, and I am delighted to report that we have met or exceeded all of them. After paying the regular and special dividends for 2014, we will also have returned a total of £836 million to shareholders since we began life as a public company.
"We also announced a binding agreement for the sale of our International business for total cash sale proceeds of €550 million (£430 million), as we reaffirmed our strategic focus on the UK market. This is a good result for all our stakeholders, including providing excellent value for shareholders.
"Underlying this performance is the successful delivery of many initiatives to improve the competitiveness of our business and to improve the propositions and experience we offer our customers. We will continue to invest in our brands, our technology and our people with the mission to make insurance much easier and better value for our customers."
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FY 2014 Results
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First quarter 2015 interim management statement will be published on 6 May 2015
Direct Line Insurance Group plc © 2015
Registered in England & Wales No 02280426. Registered Office: Churchill Court, Westmoreland Road, Bromley, BR1 1DP
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