Admiral Group (ADM)

Sector:

Insurance

Index:

FTSE 100

2,200.00p
   
  • Change Today:
    -55.00p
  • 52 Week High: 2,330.00
  • 52 Week Low: 1,887.00
  • Currency: UK Pounds
  • Shares Issued: 294.04m
  • Volume: 786,147
  • Market Cap: £6,469m
  • RiskGrade: 241

UK car insurance premiums up for first time in a year - survey

By Frank Prenesti

Date: Monday 15 Oct 2018

LONDON (ShareCast) - (Sharecast News) - British comprehensive motor insurance premiums rose by 1% in the third quarter, the first increase for year, according to a survey published on Monday by price comparison website Confused.com.
The survey revealed that premiums had been falling ahead of expected changes in the Odgen rate, which is used to calculate compensation for personal injuries, and the government's Civil Liability Bill, expected to deal with fake whiplash injury claims.

However, it added that the UK's exit from the European Union could delay the passage of the legislation and any benefits to insurers, pushing back its implementation date from April 2019.

"The significant reductions seen over the past year would have been difficult to sustain due to ongoing pressures on repair costs, uncertainty surrounding the... bill and changes to the Ogden rate," said Stephen Jones of insurance advisory firm Willis Towers Watson.

Drivers were now paying an average of £760 for a comprehensive policy, the survey stated.

Willis Towers Watson, which compiles the index, said prices had risen for the first time since they peaked last summer at £847.

Steve Fletcher, Head of Data Insight at Confused.com, said: "Despite the decline in car insurance prices we have witnessed over the past year, it seems premiums are going up again and this time following a drop of just £100."

"The last time we saw a downward trend, premiums dropped by £279, but over a much longer period of three years. The data from this quarter suggests premiums are on the up and this time starting at a much higher base, which could mean the cost of car insurance could reach new highs."

"We expect this is due to drivers adopting vehicles with increasingly advanced technology, which makes for more expensive claims. It could also be a reflection of the uncertainty that surrounds the UK with Brexit on the horizon."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Admiral Market Data

Currency UK Pounds
Share Price 2,200.00p
Change Today -55.00p
% Change -2.44 %
52 Week High 2,330.00
52 Week Low 1,887.00
Volume 786,147
Shares Issued 294.04m
Market Cap £6,469m
RiskGrade 241

Admiral Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
83.93% below the market average83.93% below the market average83.93% below the market average83.93% below the market average83.93% below the market average
83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average
Price Trend
82.97% above the market average82.97% above the market average82.97% above the market average82.97% above the market average82.97% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income
30.58% above the market average30.58% above the market average30.58% above the market average30.58% above the market average30.58% above the market average
45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average
Growth
76.96% above the market average76.96% above the market average76.96% above the market average76.96% above the market average76.96% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 9
Sell 1
Strong Sell 4
Total 17
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Admiral Dividends

  Latest Previous
  Final Special
Ex-Div 07-May-20 07-May-20
Paid 01-Jun-20 01-Jun-20
Amount 56.30p 20.70p

Trades for 03-Apr-2020

Time Volume / Share Price
16:37 19,712 @ 2,200.00p
16:35 254,875 @ 2,200.00p
16:29 11 @ 2,201.00p
16:29 36 @ 2,201.00p
16:29 100 @ 2,201.00p

Admiral Key Personnel

CEO David Stevens
Chair Annette Court
CFO Geraint Jones

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