Admiral reports increased profit and turnover
Profit before tax hit £769m, a 26% uptick on the 2020 result as it flags plan to move into small business insurance.
Admiral Group reported growth across the board for 2021 as it moved to recover from Covid-hit numbers reported in 2020.
The motor-specialist reported profit before tax on continuing operations of £769m (2020: £608.2m) as group turnover also increased to £3.51bn from £3.37bn in the previous year.
Group profit before tax and including discontinued operations was £1.13bn compared to £637.6m the previous year. In 2021, it completed its sale of Penguin Portals, the home of the Confused PCW, to the
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