Admiral Group reports £60m decline in UK car insurance turnover
Provider's turnover down as UK vehicle count remains static.
Admiral Group has reported a 7% reduction in turnover for the third quarter of 2013, at £528m compared with £570m for the same period of last year.
UK car insurance turnover fell by 12% from £502m for the three months to September 2012, to £440m, while the UK car insurance vehicle count remained flat at 3.03m.
Henry Engelhardt, Admiral CEO, commented: “Not much has changed since the half year, 2013 continues to shape up well and we remain on track to meet our expectations for the full year.”
He
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