UK's Admiral Group reports nearly-doubled profit on motor arm strength
Admiral's competitive pricing has enabled it to attract a good customer base and mitigate the effect of falling motor premiums.
"The main driver of our exceptional performance was our UK Motor business," said Group CEO Milena Mondini de Focatiis, adding that its French and U.S. motor businesses reported a double-digit profit.
The company reported group pre-tax profit of 839.2 million pounds ($1.08 billion) for the year ended December 2024, up 90% from a year earlier.
($1 = 0.7745 pounds)
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