Admiral Group plc

Lower motor insurance claims during Britain's coronavirus lockdown helped Admiral <ADML.L> record a 31% jump in first-half profit as it reinstated a special dividend, lifting its shares.

Insurer Admiral on Wednesday posted higher first-half profit as motor claims dropped with Britons staying off roads during strict coronavirus lockdowns in March and April, and reinstated its special dividend.

British insurer Admiral <ADML.L> has suspended plans to pay a special dividend of 20.7 pence per ordinary share, although it will continue to pay its planned normal dividend of 56.3 pence, it said on Monday.

Insurer Admiral <ADML.L> said on Tuesday it will return 110 million pounds ($136.43 million) to car and van policyholders who they hope have heeded government advice to stay home and drive less during Britain's coronavirus lockdown.

Comprehensive motor insurance policy costs in Britain rose 6% in the first quarter of 2020 from last year as uncertainty in the market continued to drive price fluctuations, an insurance price index released on Monday showed.

Car and home insurer Admiral <ADML.L> said on Thursday co-founder and Chief Executive Officer David Stevens would retire in 12 months' time and would be succeeded by the head of its UK and European insurance operations, Milena Mondini.

Car and home insurer Admiral Group Plc said on Thursday that its co-founder and chief executive officer, David Stevens, would retire in 12 months' time.

British insurer Admiral <ADML.L> said on Friday 2019 profit is expected to rise 6% to 13% as it was able to release more money put aside for UK motor bodily injury claims written in previous years as those claims were lower.

British insurer Admiral <ADML.L> on Wednesday posted a 4% rise in first-half pretax profit helped by the release of money put aside for claims written in previous years.

UK shares gained for a second straight session on Wednesday over hopes of an improvement in global trade relations after Washington delayed imposing tariffs on some Chinese goods, while insurer Admiral rose after reporting a market-beating profit.

British insurer Admiral on Wednesday posted a 4% rise in pretax profit in the first half of the year, driven by a strong performance in its UK business.

British motor insurer Hastings <HSTG.L> warned on Tuesday of a $10 million (£8.03 million) hit to its profits from a change in the discount rate used to calculate compensation for personal injuries, with rivals expected to follow.

British insurer Admiral Group said on Tuesday it had acquired Spanish digital broker Acierto in partnership with insurer Mapfre SA and private equity firm Oakley Capital.

The former boss of Admiral is to join the board of U.S. comparison webste Compare.com as part of a deal that sees his wife inject $25 million into the company, the car insurer said on Thursday.

* REG-ADMIRAL GROUP PLC : STATEMENT RE INVESTMENT IN COMPARE.COM

British insurer Admiral <ADML.L> posted better-than-expected pretax profit on Wednesday, as it sold more insurance products and added customers, sending its shares up more than 5 percent.

Admiral posted a 9 percent rise in first-half pre-tax profit on Wednesday, helped by demand for its insurance products.

British motor insurer Admiral <ADML.L> will set up a regulated subsidiary in Madrid to serve its clients on the continent following Britain's vote to leave the European Union, it said on Wednesday.

British motor insurer Admiral posted an above-forecast 2017 pre-tax profit of 405 million pounds ($562.95 million), a rise of 43 percent from a year earlier helped by higher premiums and reserve releases, and announced a special dividend on Wednesday.