Admiral reports growth in 2017
However its Confused aggregator sees profits slip following marketing and product development spend.
Admiral has reported increased turnover and profit in its results for the full year 2017.
At group level turnover hit £2.9bn (2016: £2.5bn) and profit before tax reached £405.4m compared to £284.3m the previous year.
In 2016 the business noted the impact of the changed Ogden rate on its results and pointed out this had stabilised in 2017 although it was continuing to have an influence.
David Stevens, group chief executive officer, commented: “It’s 25 years since the launch of Admiral. 2016
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