Profit soars at Admiral in 2018

Bag of money

Admiral has reported rises in profit and turnover for the full year 2018, according to its financial results.

On group level pre-tax profit shot up by 18% to £479.3m (2017: £405.3m), while turnover increased by 11% to £3.28bn (2017: £2.96bn).

The provider detailed that the figures were calculated using a discount rate level of 0%, which it noted was its best estimate following the passing of the Civil Liability Bill in December 2018. The rate will be confirmed by early August 2019.

Growth
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