Analysts predict a profit surge for Admiral
Admiral is expected to report an increase in revenue and pre-tax profits when it posts half year results on Wednesday, according to reports.
Analysts expect Admiral to report pre-tax profits of £159.3m in the first half of 2011, up 26% on the same period a year ago, reported Walesonline.co.uk.
The Cardiff-based direct insurer has grown its share of the car insurance market in recent months after implementing lower price increases than its competitors.
Henry Engelhardt, chief executive of Admiral, told Insurance Age in March that it gained an advantage when it fixed its marketing costs as the percentage-based commission of brokers
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Cost-of-living crisis pushes up premium finance demand
- Video Q&A: Close Brothers Premium Finance MD Shaun Hooper
- Ardonagh strikes A$2.3bn PSC deal