Turnover and profit rise at Admiral in H1 2018

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Admiral has reported a 14% rise in turnover on group level for the first half of 2018.

Group turnover was £1.66bn for the six month period (H1 2017: £1.45bn), and pre-tax profit also rose to £211.7m (H1 2017: £194.5m).

In addition, the group combined operating ratio (COR) improved to 87.4% (H1 2017: 90.0%).

Confused
Admiral’s price comparison segment reported a profit of £3.5m, up from the £3.1m it posted last year.

In the UK, its aggregator Confused posted a pre-tax profit of £5.8m, an

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