Admiral reports strong Q3
by David Masters
Story link: Admiral reports strong Q3
Admiral has reported its results for the third quarter, with turnover up 13% to £718 million and customer numbers up 17% to 1.71 million.
The car insurance giant said the strong results mean it is still on track to meet its 2008 targets.
CEO Henry Engelhardt said the business is going from ’strength to strength’ with double-digit […]
Admiral officially a great place to work
by Gill Montia
Story link: Admiral officially a great place to work
The Great Place to Work Institute UK has placed Admiral tenth in its annual listing for 2008.
The group took highest place for any organisation in the insurance and financial services sector and has been awarded laureate status for having achieved a top fifty placing for five consecutive years.
According to Great Place to Work, trust […]
Record year for Admiral
by David Masters
Story link: Record year for Admiral
Admiral has reported record profits for 2007 of £182.1 million, representing a 24% increase compared to 2006. The insurer’s GWP increased 11% to £631 million.
The company’s combined operating ratio fell by 2% to 85%, whilst their policy count increased by 16% to 1.5 million.
Confused.com, Admiral’s aggregator, reported profits of £36.7 million, an increase of […]
Admiral’s Confused.com posts 59% profit increase
by Gill Montia
Story link: Admiral’s Confused.com posts 59% profit increase
Admiral has reported that its Confused.com price comparison website gave out 13 million insurance quotes in 2007, leading to a 59% rise in profit for the website, to £36.7 million.
Group pre-tax profits rose 24%, to £182.1 million, over the same period.
Confused.com pioneered the market for aggregating insurance quotes on the Internet.
However, competition in the sector […]
Admiral Wins Legal Support Of Lloyd’s Business Transfer
by Stewart Douglas
Story link: Admiral Wins Legal Support Of Lloyd’s Business Transfer
Insurer Admiral Group has today won a landmark legal victory in securing a court order allowing the takeover of Lloyd’s Syndicate 2004, in line with the provisions of the Financial Services and Markets Act 2000 which regulates trade in equity.
Syndicate 2004 had previously underwritten a proportion of the Admiral Group’s retained premiums over the course […]
