Company
Admiral Group Plc
LON:ADM
Admiral Group began in January 1993 with just one brand, zero customers and 57 members of staff. By June 2008, the Group had nine brands, over 1.5 million vehicles insured and 2500 members of staff. Group turnover, comprising total premiums written, gross other income and allocated investment income, rose 14% to £472.5 million (H1 2007: £417.8 million).
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FTSE 100 stays level with Fed chair Powell back in focus
The FTSE 100 stayed level at the close, finishing at 7,930 for a slight 0.1% gain
FCA calls on UK insurers to support struggling customers
The Financial Conduct Authority said it was writing to the bosses of insurance firms to make sure their customers are protected from unnecessary products or add-ons and unfair penalties.
Admiral Group upgraded by UBS to 'buy' as pricing expected to improve
Shares in the motor and home insurer are down almost 30% so far this year
Admiral profits slump by almost half but still hands out special dividend
However, profits still beat pre-pandemic levels despite the impact of inflation on insurance claims
Archive
FTSE 100 closes firmer but off highs; US stocks buoyant on below-forecast July CPI report
At the close, the UK blue-chip index was up 18.96 points, or 0.3% at 7,507.11, below the session peak of 7,520.72 but above the day’s low of 7,468.64