Admiral Group plc
Admiral: 2005 results
Specialist motor insurer Admiral reported that core profits rose 21% to £122.1m for the year to December 2005. The company defines ‘core profits’ to be underwriting profits, profit commissions plus net other income.
The company’s pre-tax profits rose by a more modest 14.4% £119.4m while operating profits were up 13% to £121.6m.
Higher levels of premia written […]
Admiral: H1 results
Specialist motor insurer Admiral announced flat operating profits for the half year to June 2005, despite strong premia growth and lower reinsurance coverage. Operating profits for the period were £56.7m compared to £55.8m last year. A higher level of claims (a claims ratio of 71.6% against 63.9% last year) as well as a higher level […]
Admiral: Trading statement
Admiral, the specialist motor insurer reported that turnover for the first half of 2005 grew by 20% (to £319.4m) while the number of policyholders rose by 16% to 1m.
Sales of non-underwriting products and services (principally unsecured personal loans and credit cards) increased by 25% to £36m in the first half of the year.
While these figures […]
Admiral: Full year results
Admiral reported a 30% increase in what they call ‘core profits’
Admiral
Recently listed motor insurer Admiral’s trading update for the year to December 2004. Premia written grew 27% to £470m,
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