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United Kingdom

Admiral Group PLC (ADML.L)

ADML.L on London Stock Exchange

2,233.00GBp
18 Apr 2019
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Latest Key Developments (Source: Significant Developments)

AA PLC Wins Breakdown Assistance Contract With Admiral
Wednesday, 3 Apr 2019 

April 3 (Reuters) - AA PLC ::AA WINS BREAKDOWN ASSISTANCE CONTRACT WITH ADMIRAL.NEW 3-YEAR CONTRACT WITH ADMIRAL THROUGH WHICH IT WILL OFFER AA ROADSIDE ASSISTANCE TOADMIRAL'S 4.3 MILLION UK MOTOR INSURANCE CUSTOMERS ACROSS A STABLE OF BRANDS.  Full Article

Admiral Group FY Statutory Pretax Profit 476.2 Mln STG Vs 403.5 Mln STG
Thursday, 7 Mar 2019 

March 7 (Reuters) - Admiral Group PLC ::REG-ADMIRAL GROUP PLC ANNOUNCES A RECORD GROUP PROFIT BEFORE TAX OF £479.3 MILLION FOR THE YEAR ENDED 31 DECEMBER 2018.ADMIRAL GROUP PLC - FY GROUP STATUTORY PROFIT BEFORE TAX (OGDEN 0%) £476.2 MILLION VERSUS £403.5 MILLION.ADMIRAL GROUP PLC - FY EARNINGS PER SHARE (OGDEN 0%) 137.1 PENCE.ADMIRAL GROUP PLC -PROFIT HELPED BY UK GOVERNMENT'S DECISION TO UNWIND PARTIALLY CHANGE IN OGDEN DISCOUNT RATE FROM A COUPLE OF YEARS AGO.ADMIRAL GROUP PLC - FULL YEAR DIVIDEND 126.0 PENCE VERSUS 114.0 PENCE.ADMIRAL GROUP PLC - GROWTH IN CORE UK MOTOR BUSINESS SLOWED IN SECOND HALF AS WE REDUCED OUR COMPETITIVENESS IN FACE OF RISING CLAIMS COSTS.ADMIRAL GROUP PLC - PROPOSED A FINAL DIVIDEND OF 66.0 PENCE PER SHARE.ADMIRAL - AS OF JAN 2019 ALL BUSINESSES ARE OPERATING UNDER EUROPEAN LICENSES AND CO ABLE TO NEGATE ANY IMPACT ON CUSTOMERS OR STAFF FROM BREXIT.ADMIRAL GROUP PLC - ADMIRAL'S EUROPEAN INSURANCE OPERATIONS ARE NOW PRIMARILY REGULATED BY SPANISH INSURANCE REGULATOR AHEAD OF BREXIT.ADMIRAL - RASTREATOR AND LELYNX ARE NOW LOCALLY LICENSED IN SPAIN AND FRANCE, NEGATING NEED TO PASSPORT INSURANCE INTERMEDIARY PERMISSIONS FROM UK.ADMIRAL GROUP PLC - ONE-OFF COST OF BREXIT REORGANISATION APPROXIMATELY £3 MILLION.ADMIRAL - SEES AIGL TO CARRY ON TRADING IN UNINTERRUPTED MANNER AFTER 29 MARCH 2019 RELIANT ON RELEVANT LEGISLATION BY UK GOVERNMENT BEFORE MAR 29.  Full Article

Admiral Group ex-CEO to invest in Compare.com
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Admiral Group PLC ::REG-ADMIRAL GROUP PLC : STATEMENT RE INVESTMENT IN COMPARE.COM.SAYS ADMIRAL GROUP PLC ('ADMIRAL' OR 'GROUP') ANNOUNCES THAT IT HAS ENTERED INTO AN AGREEMENT WITH FORMER ADMIRAL GROUP CEO HENRY ENGELHARDT AND HIS WIFE DIANE ENGELHARDT WHEREBY DIANE WILL INVEST US$25 MILLION INTO COMPARE.COM.SAYS AS A RESULT OF PROPOSED TRANSACTION DIANE WILL HOLD 17% OF SHARE CAPITAL OF COMPARE, WITH ADMIRAL OWNING 59% AND WHITE MOUNTAINS AND MAPFRE USA REMAINING 24%. HENRY WILL JOIN BOARD OF COMPARE.SAYS INVESTMENT WILL BE MADE AT A 15% DISCOUNT TO VALUATION OF PREVIOUS FUNDING ROUNDS, REFLECTING CHALLENGING CURRENT TRADING CONDITIONS.SAYS ACCORDINGLY, ADMIRAL EXPECTS TO RECORD AN IMPAIRMENT AGAINST CARRYING VALUE OF COMPARE WITH ITS FULL YEAR RESULTS.SAYS CURRENT OUTLOOK IS FOR FULL YEAR ADMIRAL SHARE OF LOSS TO BE IN LINE WITH GUIDANCE AT 2018 HALF YEAR RESULTS OF US$8 MILLION TO US$13 MILLION.SAYS HENRY AND DIANE CURRENTLY HOLD 10.1% OF ADMIRAL'S ISSUED SHARE CAPITAL AND THEREFORE THEY ARE CLASSIFIED AS RELATED PARTIES OF ADMIRAL.SAYS BOARD IS SATISFIED THAT INVESTMENT IS BEING UNDERTAKEN ON AN ARMS' LENGTH BASIS AND ON TERMS THAT ARE FAIR AND REASONABLE TO SHAREHOLDERS.SAYS SEPARATELY, ADMIRAL HAS PROVIDED COMPARE UP TO US$10 MILLION BY WAY OF A CONVERTIBLE LOAN.  Full Article

Admiral HY Profit Before Tax 211 Million Pounds Versus 193 Million Pounds
Wednesday, 15 Aug 2018 

Aug 15 (Reuters) - Admiral Group PLC ::REG-ADMIRAL GROUP PLC RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2018.ADMIRAL GROUP PLC - HY GROWTH WITH TURNOVER UP 14% TO £1.66 BILLION (H1 2017: £1.45 BILLION).ADMIRAL GROUP - HY UK INSURANCE BUSINESS, INCLUDING UK MOTOR, HOUSEHOLD AND TRAVEL, DELIVERED STRONG GROWTH IN TURNOVER TO £1.32 BILLION (H1 2017: £1.14 BILLION).ADMIRAL GROUP PLC - BREXIT BRINGS ADDITIONAL RISKS, PARTICULARLY POSSIBILITY OF A 'NO DEAL' BREXIT, TO THE COMPANY.ADMIRAL GROUP PLC SAYS BREXIT HAS POTENTIAL TO BRING MARKET VOLATILITY, PARTICULARLY IN INTEREST AND EXCHANGE RATES.ADMIRAL GROUP PLC - DECLARED AN INTERIM DIVIDEND OF 60.0 PENCE.ADMIRAL GROUP PLC - THE GROUP DOES NOT CURRENTLY FORESEE A MATERIAL ADVERSE IMPACT ON DAY TO DAY OPERATIONS FROM BREXIT.ADMIRAL GROUP PLC - HY UK INSURANCE PROFIT INCREASED BY 9% TO £247.0 MILLION WITH UK MOTOR PROFITS AGAIN GROWING STRONGLY TO £249.5 MILLION (H1 2017: £224.2 MILLION).ADMIRAL GROUP PLC - FROM THE START OF 2019 ADMIRAL'S EUROPEAN INSURANCE BUSINESSES WILL OPERATE THROUGH NEWLY LICENSED ENTITIES.ADMIRAL - WORK ON ESTABLISHING NEW LICENSED ENTITIES FOR GROUP'S EUROPEAN PRICE COMPARISON OPERATIONS WILL BE CARRIED OUT IN THE SECOND HALF OF 2018.ADMIRAL GROUP PLC - HY GROUP GROSS WRITTEN PREMIUMS OF 1,085.7 MILLION POUNDS VERSUS 928.7 MILLION POUNDS REPORTED A YEAR EARLIER.ADMIRAL GROUP PLC - HY GROUP STATUTORY PROFIT BEFORE TAX 211 MILLION POUNDS VERSUS 193 MILLION POUNDS.  Full Article

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UK car insurance premiums fall 1 percent in first quarter, 2019 - survey

The cost of a comprehensive motor insurance policy fell one percent in Britain in the first quarter, pushed down by uncertainty around the rate used to calculate compensation for personal injuries and the Civil Liability Bill, a survey showed.