Admiral shares a good buy

by David Masters

Story link: Admiral shares a good buy

Admiral – whose brands include elephant.co.uk and confused.com – has been tipped as a good buy by Mail on Sunday website This is Money.

The website said Admiral – unlike many insurance firms – prices properly to ensure that the majority of its risk is passed on to the reinsurance market.

Because of this, it barely needs to invest in financial markets, so it has not been badly burnt by the credit crunch.

Admiral CEO Henry Engelhardt is a firm believer in good customer service delivered by happy employees – leading to increased sales and higher profits.

In addition, the company is expanding in Europe, which has great potential for low cost insurance products.