Admiral operating profit hits £379m
Profits up and motor COR improves to 81% but Confused.com sees profit fall.
Group operating profits for Admiral hit £379m shown in preliminary 2015 results, last year operating profits were £355m.
Revenues were roughly static reaching £1.13bn (2014: £1.1bn).
In UK car turnover grew from £1.6bn to £1.7bn while GWP increased to £1.5bn (2014: £1.5bn). Overall profit before tax reached £443m, up from £398m the previous year. The motor COR improved to 81% from 83% in 2014.
Admiral remarked that this was down to "higher reserve releases that resulted from positive claims
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
- In Depth: Managing cyber risk in an ever-changing security landscape
- RSA confirms trading structure ahead of NIG integration
- In Depth: Cyber risk and AI – friend or foe?