Domestic & General ("D&G") is the leading underwriter of extended warranties for domestic electrical appliances in the UK, protecting over 22 million products for over 15 million customers. Warranties allow consumers to protect their domestic goods against the cost of repair or replacement in the event of breakdown or accidental damage, theft and other associated risks. New appliances are protected by a manufacturer's guarantee, typically for a period of one to two years. D&G's services offer extended cover after the manufacturer's guarantee has expired, to ensure that consumers are still protected against breakdowns.
Domestic & General is a high quality business which continues to demonstrate solid growth across its markets. We believe we have important value creation potential ahead and we look forward to working alongside CVC to capture this.