Insurers could be forced to hike premiums by at least 16%
Jefferies estimates that UK car insurance premiums will "likely have to increase even further"
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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Motor insurers flounder in the face of rising claim costs
Insurers are struggling to price in the rising cost of car insurance claims
Admiral Group Plc posts profit and growth, but international business suffers loss
Admiral Group Plc (LSE:ADM) )A strong performance in British insurer Admiral's UK motor insurance division led to an increase in pretax profits for 2021. International insurance, however, was down 21%
Admiral a better bet than Direct Line according to Berenberg
"Admiral is one of the highest-quality names to own in the European insurance sector"
Admiral Group says early switch to pandemic pricing has paid dividends
The board declared a special dividend of 46p reflecting the first payment of the phased return to shareholders of the proceeds from the sale of the Penguin Portals comparison businesses
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Deliveroo to serve up results mid-week
Other notable names in the diary for Wednesday include insurers Admiral and Prudential
Admiral splashes the dividend cash as accident claims stay low
The motor insurer intends to pay £400mln in specials dividends over next two years
Admiral Group: Credit Suisse sees several reasons to steer clear
The FTSE 100 motor and home insurer is expected to lose out to rivals in pricing
Car and home insurers heading for a bumpy ride as pricing review nears
Charging new customers less than existing ones and hiking prices when policies are rolled over face the axe
Motor insurers get boost as lockdown claims drop faster than premiums
“The pandemic has forced many motorists to change their driving habits"
Admiral Group profit rises as car accident claims fall during COVID-19 lockdowns
"Covid impacted the results in all markets in which we operate, resulting in reduced accident frequencies and lower loss ratios"
Admiral Group exits the price comparisons market
Admiral has been looking to offload Confused.com for some time
Admiral's new CEO Milena Mondini de Focatiis takes up the reins
Co-founder David Stevens has agreed to provide part-time consultancy support on risk selection and as a board member of its specialist lending arm
Admiral has been well-rewarded for COVID-19 car premium refund, suggests data group
Admiral announced its Stay at Home refund in April and was the only insurer to bring in such as policy.
ADM Energy boasts excellent progress in Nigeria
After a period store crude production the company is looking forward to the next crude lifting, next month.
Admiral unloads bumper dividend due to 'reduced level of uncertainty'
Although customer numbers rose 6% to 7.17mln, a premium refund given to customers who didn't drive during lockdown contributed to group revenues falling 4% for the half year
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Admiral interim results spied for Wednesday; UK GDP also eyed
Other items on the corporate calendar include results from food delivery group Just Eat Takeaway.com and cybersecurity firm Avast
Admiral downgraded to ‘reduce’ by Peel Hunt on recession hit
The positive trends in motor claims will not be enough to offset customer relief measures and other impairments, analysts say
RSA's the cheapest motor insurance shares in the sector, says Barclays
The bank's analysts also like Hastings and Direct Line
Insurers of all stripes continue face pressure for payouts or payback
Some motor insurers are voluntarily giving rebates while underwriters are facing different demand over business interruption claims