You are here

Prices & Quotes - UK Markets - Admiral Group (ADM)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 2,945.00p
Change Today:
46.00p
Market Cap:
8,747m
Sector:
Insurance (non-life)

Admiral lifts dividend as full-year profit rises

By Michele Maatouk

Date: Thursday 04 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Insurer Admiral lifted its full-year dividend on Thursday and posted a rise in pre-tax profit amid a drop in claims frequency as lockdowns meant that people were driving less.
In the year to 31 December 2020, pre-tax profit from continuing operations pushed up 20% to 608.2m, with group net revenue up 2% at 1.31bn and group turnover 2% higher at 3.55bn. Meanwhile, group customers rose 10% from 2019 to 7.66m.

"Covid impacted the results in all markets in which we operate, resulting in reduced accident frequencies and lower loss ratios," Admiral said. "We continue to maintain a prudent approach and, as a result, benefited from strong reserve releases from past years."

Admiral lifted its full-year dividend by 12% to 156.5p a share.

The group's solvency ratio came in at 187% compared to 190% in 2019 and the return on equity was in line with the previous year at 52%.

Chief executive Milena Mondini de Focatiis said: "2020 was certainly not an ordinary year, but one that I like to think of as a 'litmus test' for the business - where, despite the turbulent context, we demonstrated strong operational resilience and agility, we delivered a positive set of financial results, we stayed true to our values and we did what we believed was right for all our stakeholders.

"Our existing customers chose to stay with us more than ever before, and we increased the share of those switching from other insurers to Admiral, resulting in over 650,000 new customers in 2020.

"The year saw profit before tax exceeding 600m, driven by strong reserve releases and a decrease in claims frequency as people drove less during lockdowns."

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Admiral Group Market Data

Currency UK Pounds
Price 2,945.00p
Change Today 46.00p
52 Week High 3,208.00p
52 Week Low 2,240.00p
Volume 313,127
Shares Issued 297.02m
Market Cap 8,747m
Beta 0.00

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Trend
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector
Income
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector
Growth
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
Price Chg 6m
market
  1. full market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector
P/E
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
PEG
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Dividend Yield
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector
EPS Growth
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector
Operating Margin
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector

What The Brokers Say

Strong Buy 0
Buy 3
Neutral 9
Sell 2
Strong Sell 3
Total 17
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Admiral Group Dividends

  Latest Previous
  Final Special
Ex-Div 06-May-21 03-Sep-20
Paid 04-Jun-21 02-Oct-20
Amount 86.00p 20.70p

Trades for 14-May-2021

Time Volume / Share Price
16:45 105 @ 2,944.00p
16:45 105 @ 2,944.00p
16:35 181,374 @ 2,945.00p
16:29 18 @ 2,946.00p
16:29 47 @ 2,945.00p

Admiral Group Key Personnel

Chair Annette Court
CFO Geraint Jones
CEO Milena Mondini de Focatiis