Direct Line Group

Direct Line Group, DLG.L on the London Stock Exchange, was created in 2012 as part of a divestment from the Royal Bank of Scotland. The company originated as the insurance division of RBS in 1985 launched by Peter Wood and Martin Long. Since 2012, RBS has been steadily selling off its Direct Line Group shares, until February 2014, when the bank sold its remaining shares. Direct Line Group provides insurance services to UK residents, both online and over the phone. The company headquarters is in Kent, the United Kingdom. The 2012 IPO of Direct Line Group saw RBS selling 30% of its stake in the insurance company. DLG.L stock was valued at 1.75 GBP, with a total company valuation of 2.6 billion GBP. In addition to its listing on the London Stock Exchange, Direct Line Group is also part of the FTSE 100 Component. Direct Line Group operates several subsidiaries: Churchill, Direct Line for Business, Green Flag and Privilege. Direct Line Group offers automobile insurance through its Churchill subsidiary. Direct Line for Business provides insurance for landlords and small businesses while Green Flag offers roadside assistance. Trade Direct Line Group and thousands of other stocks on the eToro platform.