March 8, 2017 / 7:48 AM / 7 months ago

BRIEF-Admiral CFO says 60-70 mln stg Ogden hit still to take

March 8 (Reuters) - Admiral

* CFO Geraint Jones says firm to take remaining Ogden Rate hit of 60-70 million pounds, net of tax, over the next 3-5 years.

* Says does not see discount rate change impacting long-term growth in the business.

* Says discount rate change did not reflect the way claimants invest lump sum payments, looks for “less eccentric” conclusion from government review

* Says expects to launch personal loans product fully in the first half of 2017.

* Says looking at “large number” of locations for post-Brexit EU subsidiary, expects decision “in month or two”; not speaking to regulators in other countries. Source text for Eikon: Further company coverage: (Reporting By Simon Jessop)

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