The earnings call reflected a very strong performance overall, with record profitability and growth driven by UK Motor insurance. While there were challenges in Italy and a contraction in the U.S. market, the positive aspects significantly outweighed the negatives.
Company Guidance
In the call, Admiral Group provided detailed guidance on their 2024 performance and future outlook. The company reported a 28% turnover growth, driven by a 14% increase in their customer base and higher average premiums compared to 2023. Group profitability reached an all-time high of GBP 839 million, with UK Motor insurance contributing nearly GBP 1 billion in profits. Admiral also highlighted the success of their international operations, with France and the U.S. achieving double-digit profits. They maintained a strong solvency ratio of over 200% and emphasized their strategic focus on data, AI, and technology to enhance capabilities. The company also announced a dividend increase of 90% year-on-year, reflecting their robust financial position. For 2025, Admiral expects softer market conditions but remains confident in their disciplined approach and agility to adapt to changes, with anticipated continued growth and profitability across their diversified insurance lines.
Record Group Profitability
Group profitability reached GBP 839 million, an all-time high, driven by UK Motor insurance delivering close to GBP 1 billion of profits.
Strong Turnover Growth
Reported 28% turnover growth with a 14% increase in customer base and higher average premiums than 2023 across the board.
International Profits
France and U.S. reported double-digit profits, and Admiral Money and UK Household also posted strong results.
Strong Solvency and Dividend Increase
Solvency ratio over 200% and full year dividend up 90% to 192p a share.
Admiral Money Growth
Admiral Money's outstanding balances increased by 23%, with profit up 30%.
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Admiral Group (AMIGY) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AMIGY Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Mar 06, 2025
$37.32
$39.26
+5.20%
Aug 15, 2024
$35.27
$37.56
+6.49%
Mar 07, 2024
$32.56
$32.04
-1.60%
Aug 16, 2023
$26.37
$28.29
+7.28%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Admiral Group Plc Unsponsored ADR (AMIGY) report earnings?
Admiral Group Plc Unsponsored ADR (AMIGY) is schdueled to report earning on Aug 14, 2025, TBA Not Confirmed.
What is Admiral Group Plc Unsponsored ADR (AMIGY) earnings time?
Admiral Group Plc Unsponsored ADR (AMIGY) earnings time is at Aug 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
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