DLG DIRECT LINE INSURANCE GROUP PLC ORD 10P

DIRECT LINE Currency GBX Premium Equity Commercial Companies

Income Statement (£ m)	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09
Continuing Operations
Revenue	n/a	n/a	n/a	n/a
Operating Profit/(Loss)	n/a	n/a	n/a	n/a
Net Interest	n/a	n/a	n/a	n/a
Profit Before Tax	249.10	342.90	-378.10	132.20
Profit After Tax	184.30	249.00	-271.90	133.10
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	184.30	249.00	-271.90	133.10
Attributable to:
Minority Interests	0.00	0.00	0.00	0.00
Equity Holders of Parent Company	184.30	249.00	-271.90	133.10

Continuing EPS
Earnings per Share - Basic	12.30p	16.60p	-18.13p	8.87p
Earnings per Share - Diluted	12.30p	16.60p	-18.13p	8.87p
Earnings per Share - Adjusted	12.30p	16.60p	-18.13p	8.87p
Continuing and Discontinued EPS
Earnings per Share - Basic	12.30p	16.60p	-18.13p	8.87p
Earnings per Share - Diluted	12.30p	16.60p	-18.13p	8.87p
Earnings per Share - Adjusted	12.30p	16.60p	-18.13p	8.87p

Dividend per Share	0.00p	0.00p	0.00p	0.00p

Balance Sheet (£ m)	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09
Assets
Non-Current Assets
Property, Plant & Equipment	221.30	116.40	136.10	137.00
Intangible Assets	421.50	365.80	585.60	628.80
Investment Properties	n/a	n/a	n/a	n/a
Investments	7839.00	9480.40	9491.40	9266.80
Other Financial Assets	n/a	n/a	n/a	n/a
Other Non-Current Assets	n/a	n/a	n/a	n/a
	8481.80	9962.60	10213.10	10032.60
Current Assets
Inventories	n/a	n/a	n/a	n/a
Trade & Other Receivables	2707.70	2427.70	1762.40	1892.90
Cash at Bank & in Hand	1508.40	1379.80	1841.40	1260.30
Current Asset Investments	0.00	0.00	0.00	0.00
Other Current Assets	n/a	n/a	n/a	n/a
	4216.10	3807.50	3603.80	3153.20

Total Assets	12697.90	13770.10	13816.90	13185.80

Liabilities
Current Liabilities
Borrowings	n/a	n/a	n/a	n/a
Other Current Liabilities	n/a	n/a	n/a	n/a
	716.500	1140.300	777.700	891.700

Net Current Assets	3499.60	2667.20	2826.10	2261.50

Non-Current Liabilities
Borrowings	n/a	n/a	n/a	n/a
Provisions	n/a	n/a	n/a	n/a
Other Non-Current Liabilities	8271.40	8440.60	9230.00	8428.30
	9149.80	8758.50	9557.10	8713.50

Other Liabilities	n/a	n/a	n/a	n/a
Total Liabilities	9866.30	9898.80	10334.80	9605.20

Net Assets	2831.60	3871.30	3482.10	3580.60

Capital & Reserves
Share Capital	2831.60	3871.30	3482.10	3580.60
Share Premium Account	n/a	n/a	n/a	n/a
Other Reserves	n/a	n/a	n/a	n/a
Retained Earnings	n/a	n/a	n/a	n/a
Shareholders Funds	2831.60	3871.30	3482.10	3580.60

Minority Interests/Other Equity	n/a	n/a	n/a	n/a
Total Equity	2831.60	3871.30	3482.10	3580.60

Ratios - based on IFRS	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09
Continuing Operations
PE Ratio - Adjusted	17.59	n/a	n/a	n/a
PEG - Adjusted	-0.68	n/a	n/a	n/a
Earnings per Share Growth - Adjusted	-25.90%	-191.56%	-304.40%	n/a
Dividend Cover	n/a	n/a	n/a	n/a
Revenue Per Share	n/a	n/a	n/a	n/a
Pre-Tax Profit per Share	16.61p	22.86p	-25.21p	8.81p
Operating Margin	n/a	n/a	n/a	n/a
Return on Capital Employed	n/a	n/a	n/a	n/a

Continuing & Discontinued Operations
Dividend Yield	0.00%	n/a	n/a	n/a
Dividend per Share Growth	n/a	n/a	n/a	n/a
Net Asset Value per Share (exc. Intangibles)	160.67p	233.70p	193.10p	196.79p
Net Gearing	n/a	n/a	n/a	n/a

Data is provided by Morningstar

DIRECT LINE - Fundamentals