Admiral profits increase by 7%

Henry Engelhardt-Admiral

Admiral has reported a 7% increase in profit before tax to £216m for 2009, compared to £203m the previous year, while turnover rose 18% to £1.08bn (2008: £910m).

In its preliminary results for 2009, Admiral said its customer numbers were up 19% to 2.08 million (2008: 1.75 million) and profit from from UK car insurance is up 15% to £207m (2008: £180m). Confused.com profits were up slightly to £25.7m (2008: £25.6m).

Henry Engelhardt, Admiral group chief executive, said: “In 2009 Admiral’s continued strong growth enabled us to exceed £1 billion turnover for the first time in our history, to deliver yet another set of record profits and to pay another record

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Applied updates on commercial push

Applied Systems has confirmed Arch Insurance is about to enter the pilot phase of onboarding and will be live on the Applied Epic broker management system in April, with Iprism and Ark to follow and more promised in 2024.

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