Edition:
United Kingdom

Admiral Group PLC (ADML.L)

ADML.L on London Stock Exchange

2,062.00GBp
15 Aug 2018
Change (% chg)

64.00 (+3.20%)
Prev Close
1,998.00
Open
2,035.00
Day's High
2,110.00
Day's Low
1,987.00
Volume
1,874,909
Avg. Vol
600,504
52-wk High
2,182.00
52-wk Low
1,766.00

Latest Key Developments (Source: Significant Developments)

Admiral posts 43 pct rise in 2017 pre-tax profit
Wednesday, 28 Feb 2018 

Feb 28 (Reuters) - Admiral Group Plc ::REG-ADMIRAL GROUP PLC ANNOUNCES A RECORD GROUP PROFIT BEFORE TAX OF £405 MILLION FOR THE YEAR ENDED 31 DECEMBER 2017.‍RECORD GROUP PROFIT BEFORE TAX OF £405 MILLION FOR YEAR ENDED 31 DECEMBER 2017​.‍GROUP'S SHARE OF PROFIT BEFORE TAX £405.4 MILLION 2016 £284.3 MILLION +43%​.‍SOLVENCY RATIO (POST DIVIDEND) (*2) 205% 2016 212%​.‍EARNINGS PER SHARE 117.2 PENCE 2016 78.7 PENCE +49%​.‍FULL YEAR DIVIDEND INCLUDING ADDITIONAL RETURN WAS 114.4 PENCE.​.‍FINAL DIVIDEND OF 58.0 PENCE PER SHARE (2016: 51.5P) REPRESENTING A NORMAL DIVIDEND (65% OF POST-TAX PROFITS) OF 39.5 PENCE PER SHARE AND A SPECIAL DIVIDEND OF 18.5 PENCE PER SHARE​.‍BACKDROP OF UNCERTAINTY IN OUR LARGEST BUSINESS, UK CAR, DUE TO CONTINUED DELIBERATIONS OVER OGDEN​.‍AS A RESULT OF BREXIT, WE ARE EXPLORING ESTABLISHING AN INSURANCE COMPANY AND AN INSURANCE INTERMEDIARY BUSINESS IN SPAIN​.  Full Article

Admiral Group posts HY EPS 57.3 PENCE
Wednesday, 16 Aug 2017 

Aug 16 (Reuters) - ADMIRAL GROUP PLC :GROUP'S SHARE OF PROFIT BEFORE TAX £195 MILLION.EARNINGS PER SHARE 57.3 PENCE.INTERIM DIVIDEND 56.0 P/SHARE.GROUP TURNOVER (*1) £1.45 BILLION.GROUP NET REVENUE £0.55 BILLION.SOLVENCY RATIO (POST DIVIDEND) (*1, 2) 214%.DAVID STEVENS, GROUP CHIEF EXECUTIVE OFFICER "WE'VE GROWN TURNOVER AND CUSTOMER NUMBERS IN OUR EXISTING BUSINESSES BY OVER 13%.UK INSURANCE BUSINESS (PRIVATE CAR, HOUSEHOLD AND VAN) GREW TURNOVER BY 11% TO £1.14 BILLION (H1 2016: £1.03 BILLION).INTERNATIONAL INSURANCE BUSINESSES GREW COMBINED TURNOVER BY 39% TO £221.9 MILLION (H1 2016: £159.2 MILLION).SPECIAL DIVIDEND OF 18.1 PENCE PER SHARE.NUMBER OF VEHICLES INSURED ALSO GREW BY 7% TO 3.77 MILLION (30 JUNE 2016: 3.52 MILLION) WITH VOLUMES IMPROVING IN Q2.UK CAR INSURANCE PROFIT WAS BROADLY FLAT AT £224.2 MILLION COMPARED TO £222.8 MILLION FOR H1 2016.  Full Article

UK's FCA says insurer Admiral gave customers wrong information
Friday, 16 Jun 2017 

June 16 (Reuters) - UK Financial Conduct Authority:Admiral agrees to contact customers who may have been given inaccurate information in renewal documents​.Found Admiral included inaccurate premium amounts in renewal documents issued to some customers by publishing last year's quoted premium.Admiral will now make changes to ensure it is fully compliant with FCA rules.‍Currently assessing firms' implementation of these rules to ensure that firms are giving customers clear and fair disclosure on their renewal prices​.  Full Article

Admiral says Annette Court succeeded Alastair Lyons as chairman
Thursday, 27 Apr 2017 

April 27 (Reuters) - Admiral Group Plc ::Non-executive director and chairman, Alastair Lyons, did not offer himself for re-election at Admiral's AGM held on April 26.Non-executive director annette court has succeeded Alastair Lyons as chairman with effect from April 26.  Full Article

Admiral CFO says 60-70 mln stg Ogden hit still to take
Wednesday, 8 Mar 2017 

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..  Full Article

Admiral announces appointment of Annette Court as non-exec chairman
Thursday, 2 Mar 2017 

Admiral Group Plc : Announce appointment of Annette Court as non-executive chairman of Admiral .Annette will succeed current Admiral chairman, Alastair Lyons, when he retires from board at AGM on April 26, 2017.  Full Article

UK rate change to add 50-75 stg to average comprehensive motor insurance policy - PwC
Monday, 27 Feb 2017 

:Consultants PwC say a sharp cut in the UK's personal injury discount rate will lead to an annual increase of 50-75 pounds on an average comprehensive motor insurance policy..  Full Article

Association of British Insurers-cutting discount rate is "crazy decision"
Monday, 27 Feb 2017 

Association of British Insurers (ABI): ABI says cutting discount rate is "crazy decision", motor and liability premiums will rise .ABI says NHS will likely have 1 billion pound ($1.24 billion) rise in compensation bills as a result of discount rate cut.  Full Article

Admiral says to postpones FY results to March 8 after Ogden rate annoucement
Monday, 27 Feb 2017 

Admiral Group Plc : Decided to postpone preliminary announcement of results for year ended 31 december 2016 from 1 march 2017 to 8 march 2017 . Estimated total net financial impact(1) of all claims settling at new rate is £140m to £175m . Admiral group plc - estimated net financial impact on 2016 reported profit is £70m to £100m . Group expects to maintain final dividend at last year's level of 51.5 pence per share .Admiral- if market pricing adjusts future premiums to reflect lower discount rate, there will be no significant impact on future business.  Full Article

UK's Ministry of Justice says Ogden rate announcement to be out Feb. 27
Friday, 24 Feb 2017 

UK's Ministry of Justice:Ministry of justice - Lord Chancellor would announce result of her review of discount rate for personal injury claims on morning of 27 February.  Full Article

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Commodities slide pulls FTSE to three-and-a-half month closing low

LONDON Britain's top share index sank on Wednesday as emerging markets stress and a sharp selloff in commodities drove down stocks across Europe, with investors running scared after trade spat deepened between Turkey and the United States.