Admiral Group (ADM)

Sector:

Insurance

Index:

FTSE 100

2,286.00p
   
  • Change Today:
      46.00p
  • 52 Week High: 2,508.00
  • 52 Week Low: 1,887.00
  • Currency: UK Pounds
  • Shares Issued: 294.04m
  • Volume: 358,097
  • Market Cap: £6,722m
  • RiskGrade: 128

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.

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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 2,286.00p
Change Today 46.00p
% Change 2.05 %
52 Week High 2,508.00
52 Week Low 1,887.00
Volume 358,097
Shares Issued 294.04m
Market Cap £6,722m
RiskGrade 128

Admiral Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
52.3% below the market average52.3% below the market average52.3% below the market average52.3% below the market average52.3% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average
Price Trend
67.29% above the market average67.29% above the market average67.29% above the market average67.29% above the market average67.29% above the market average
83.33% above the sector average83.33% above the sector average83.33% above the sector average83.33% above the sector average83.33% above the sector average
Income
77.30% above the market average77.30% above the market average77.30% above the market average77.30% above the market average77.30% above the market average
9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average
Growth
58.65% above the market average58.65% above the market average58.65% above the market average58.65% above the market average58.65% above the market average
16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 11
Sell 2
Strong Sell 3
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 n/a
Paid 01-Jun-20 n/a
Amount 56.30p 0.000p

Trades for 10-Jul-2020

Time Volume / Share Price
16:35 186,201 @ 2,286.00p
16:29 3 @ 2,299.00p
16:29 104 @ 2,299.00p
16:29 82 @ 2,299.00p
16:29 100 @ 2,299.00p

Admiral Key Personnel

CEO David Stevens
Chair Annette Court
CFO Geraint Jones

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