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

Admiral profit to beat expectations

By Sean Farrell

Date: Friday 07 Feb 2020

LONDON (ShareCast) - (Sharecast News) - Admiral's annual profit will be higher than expected after the insurer benefited from lower costs for UK motor injury claims.
The FTSE 100 company said it expected pretax profit for the year to the end of December to be between ?510m and ?540m - an increase of between 6% and 13% from the year before.

In a trading update, Admiral said its final dividend would be in the range of 73p to 78p a share. It will pay out about ?6m to employees to cover a cash bonus of ?500 per worker based on the strong results.

Admiral said clarity over the new personal injury discount rate in 2019 caused an increase in large claims settling, allowing a higher level of reserve releases.

The company said: "The higher than expected profit is due to an unusually positive development during 2019 in the cost of UK motor bodily injury claims from a number of prior underwriting years. This has led to elevated reserve releases and profit commission revenue."

Profitability in the current year continues to be affected by higher claims inflation during 2019, leading to a higher loss ratio for 2019 than in recent years. Its UK motor insurance business grew customer numbers marginally during 2019.

Email this article to a friend

or share it with one of these popular networks:


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

Top of Page