Record Profit and Customer Growth
Admiral Group delivered a record profit of GBP 521 million, marking almost a 70% increase year-on-year, and added 1 million customers, a 10% increase versus last year.
Strong Performance in U.K. Motor Insurance
U.K. Motor insurance was a key driver of profit with a 3-point improvement in combined ratio and 5% customer growth year-on-year.
U.K. Household and Admiral Money Performance
U.K. Household and Admiral Money both doubled their profits, contributing significantly to the overall growth of the group.
Expansion in Europe
Successful turnaround of the Italian business and continued profitable growth in France.
High Return on Equity
The group achieved a return on equity close to 60%, significantly influenced by the profit increase.
Increased Interim Dividend
The interim dividend increased by over 60% to 115p a share, reflecting the strong financial performance.
Growth in Admiral Money
Admiral Money's on-balance sheet loans increased by 25% to GBP 1.3 billion, with profit more than doubling from GBP 7 million to GBP 16 million.
Strong Net Promoter Score
The group achieved a strong Net Promoter Score above 50%, reflecting improved customer experience.