Admiral Posts Strong Interim Results, Announces Special Dividend

Improved Financial Performance

Admiral Group PLC, a leading motor and home insurer in the UK, has reported a strong increase in its interim profits, buoyed by higher motor insurance premiums in the UK and an expanding customer base.

Key Figures

• Interim pre-tax profit of £310 million, up 32% year-on-year
• 12% growth in customer base to 105 million
• 71p interim dividend per share, including a special payout of 197p

Dividend Payout

The company has announced an interim dividend of 71p per share, which includes a special payout of 197p per share. This reflects the company's strong financial performance and its commitment to rewarding shareholders.

Growth Drivers

Admiral's growth has been driven by several factors, including:

• Increased demand for motor insurance due to rising car ownership and higher premiums
• Expansion into new markets and products, such as home insurance and pet insurance
• Improved customer satisfaction and retention rates

Financial Outlook

The company remains optimistic about its financial outlook, citing continued strong demand for its products and services, as well as its ongoing focus on cost efficiency and innovation.

Additional Resources

• Admiral Group Half-Year Results 2022
• BBC News: Admiral profits surge as UK motor insurance premiums rise
• Reuters: UK insurer Admiral posts forecast-beating 32% rise in half-year profit