The latest announcement is out from Admiral ( (GB:ADM) ).
Admiral Group reported a strong financial performance for 2024, with a 90% increase in profit before tax and a 28% rise in turnover. The company’s success was largely driven by its UK Motor business, supported by favorable market conditions and strategic pricing adjustments. Admiral’s commitment to sustainability was highlighted by its upgraded MSCI ESG score and the publication of its Net Zero Transition Plan. Despite economic uncertainties, Admiral remains focused on leveraging its competitive advantages and digital capabilities to drive future growth and maintain its position as a leading insurer.
More about Admiral
Admiral Group is a prominent player in the insurance industry, primarily focusing on motor insurance. The company offers a range of insurance products and services, with a significant market presence in the UK and international markets. Admiral is known for its competitive pricing strategies and commitment to customer satisfaction, as well as its focus on digital innovation and sustainability initiatives.
YTD Price Performance: 9.72%
Average Trading Volume: 430,045
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £8.86B
Find detailed analytics on ADM stock on TipRanks’ Stock Analysis page.