Business News

Admiral Group plc results for the six months ended 30 June 2020

2020 Interim Results Highlights

Welsh employer, Admiral Group has been recognised as a “great place to work” for the twentieth consecutive year.

As well as being named the 4th best super large workplace (1,000+ employees) in the UK by the Great Place to Work ® Institute, the company which has offices in Cardiff, Newport and Swansea, was also given a Lifetime Masters award. 

The Lifetime Masters award was given to organisations who have been named in the list every year since it was launched twenty years ago. Admiral is one of only two companies to have achieved this.

Admiral Group plc (‘Admiral’, ‘the Company’ or ‘the Group’) provides an update on dividends and its response to the Covid-19 crisis.

Admiral’s priorities throughout this challenging period have been to support and protect customers, staff and the long-term value of the Group.  All the Group’s businesses are operational with staff working remotely.

Amendment to 2019 final dividend proposal

-       Insurer announces return of £110m via automatic refunds to all motor customers

-       An additional £80m is committed to reducing prices and supporting customers, NHS staff and the local community

-       Latest financial pledge follows a number of other measures already in place from insurance giant

2019 Results Highlights

Admiral Group plc (“Admiral” or “the Group”) announces that David Stevens, Admiral Group Chief Executive Officer (“CEO”), has notified the Board of his intention to retire from his position as Group CEO and as a director in 12 months’ time. 

Admiral Group (“Admiral” or “The Group”) anticipates a strong 2019 profit before tax due to higher than expected reserve releases in UK motor insurance.

Based on preliminary figures, Admiral expects to post a Group profit before tax for 2019 in the range of £510 to £540 million, approximately 6% to 13% higher than 2018’s result.

South Wales employer, Admiral has been named a centre of Excellence in Wellbeing.

Having been named a Great Place to Work® for 17 consecutive years by the Great Place to Work® Institute, they have now recognised Admiral specifically for its approach to wellbeing in the workplace.

Recognition as a centre for ‘Excellence in Wellbeing’ is dependent on employees completing the Great Place to Work® Wellbeing Index survey designed to measure the levels of wellbeing in the workplace.

Admiral Group has been named the 18th best workplace in the world on the annual 25 World’s Best Workplaces list.

More than 12 million employees from over 8,000 companies around the globe participated in the survey process for the World’s Best Workplaces list. The ranking assessed employees’ views on leadership, organisational culture, and trust.

As part of its commitment to Diversity and Inclusion, Admiral Group has published a report detailing a breakdown of its workforce and highlighting the progress it’s making through various initiatives.

At Admiral we have commitments to our customers, our community, our environment and our people. As a part of our ongoing commitments to our people, our employees, we aim to create a successful working environment for all employees, embracing diversity in gender, religious beliefs, background, race, ability, age and sexuality.

Following a successful partnership of 9 years, Admiral Group has renewed its sponsorship deal with Chapter until the end of 2021.

Admiral has supported Chapter since 2010, and its continued support will further contribute to producing and providing a varied artistic programme for the people of Cardiff, and beyond.

Admiral Group plc results for the six months ended 30 June 2019

14 August 2019

2019 Interim Results Highlights

Welsh employer, Admiral has been recognised as one of the Best Workplaces for Women in the UK.

Welsh employer, Admiral Group has been recognised as a “great place to work” for the seventeenth consecutive year.

The company was named the 4th best super large workplace (1,000+ employees) in the UK by the Great Place to Work ® Institute at an awards ceremony last night (8th May 2019).

Admiral Group CEO, David Stevens, said, “Our placing on the Great Place to Work ® Best Workplaces list is based on feedback from our staff which makes this accolade particularly rewarding. And to have been recognised every year since 2003 is incredible.

7 March 2019

Admiral Group plc announces a record Group profit before tax of £479.3 million for the year ended 31 December 2018

2018 Results Highlights

Welsh employer, Admiral was named the UK’s Best Big Company to Work For in the UK at the Sunday Times Best Companies to Work For awards last night (21st February).

It is the 19th year Admiral has been recognised as one of the UK’s best employers in this competition, in fact it is the only company to be recognised every year since the list began. However, this is Admiral’s first time topping the list.

Admiral Group has been named the 20th best workplace in the world on the annual 25 World’s Best Workplaces list.

More than 12 million employees from over 7,000 companies around the globe participated in the survey process for the World’s Best Workplaces list. The ranking assessed employees’ views on leadership, organisational culture, and trust.

2018 Interim Results Highlights

Welsh employer, Admiral has been recognised as one of the Best Workplaces for Women in the UK.

The company was named the 3rd best large workplace (500+ employees) in the UK by the Great Place to Work ® Institute in its inaugural list of best workplaces for women.   

Having been named the 7th best workplace in the UK by the Great Place to Work ® Institute in April 2018, Admiral met the eligibility criteria for the best workplaces for women list. It was awarded 3rd place based on a 1,000 word statement detailing its policies and practices around women.

A crowd of over 6,000 people from South Wales based Admiral and their family and friends enjoyed a night of festivals from around the world at Principality Stadium recently.

For its traditional biennial staff party, this time called Fiestival, the Stadium was transformed into an explosion of colour, entertainment and fun. The entertainment was provided by a variety of bands, dancers and fairground rides, but was topped off by pop superstar Craig David, whose hour long set had the crowd dancing throughout.

Welsh employer, Admiral Group has been recognised as a “great place to work” for the eighteenth consecutive year.

The company was named the 7th best large workplace (500+ employees) in the UK by the Great Place to Work ® Institute at an awards ceremony last night (25th April 2018). 

Local employer, Admiral Group has welcomed its 10,000th employee who has started work in the company’s Claims department in Cardiff.

When the south Wales headquartered company launched in 1993, it had just 57 members of staff based in Cardiff.

25 years later, Admiral now employs 10,000 members of staff in eight different countries across the world, employing more than 6,800 people in Cardiff, Swansea and Newport alone.

28 February 2018

Admiral Group plc announces a record Group profit before tax of £405 million for the year ended 31 December 2017

2017 Results Highlights

Welsh employer, Admiral Group has been named the 3rd best big company in the UK at the Sunday Times Best Companies to Work For awards.

The company, which employs 6,500 people in Cardiff, Swansea and Newport, also received three Special Awards including a Lifetime Achievement award for its outstanding performance in the competition. It is the only UK company to make the list of best companies every year since it began in 2001.

English
Admiral Seguros, a company specialising in car insurance, which markets through brands such as Balumba, Qualitas Auto and WiYou, has announced that it will bank on Spain as a base of operations for the countries of the European Union, as a solution to continue operating after Brexit .

Admiral Group is celebrating its 25th birthday today (2nd January 2018). Launched on 2nd January 1993 with just one brand, zero customers and 57 members of staff, Admiral now has 15 brands around the world with over 5 million customers, and 9,000 members of staff (over 6,300 of these in  South Wales).

In its quarter century of operating, it has seen turnover grow from £18 million in 1993, to £2.58 billion in 2016 (its last reporting year).

Admiral Group is celebrating its 25th birthday today. Launched on 2nd January 1993 with just one brand, zero customers and 57 members of staff, Admiral now has 15 brands around the world with over 5 million customers, and 9,000 members of staff. 

It’s the only FTSE 100 company headquartered in Wales and if you live in Cardiff, Newport or Swansea, legend has it you’re no more than six people removed from an Admiral staff member*.

We’re delighted to have been named Direct Insurer of the Year at the Insurance Times awards.

The prestigious awards took place at London’s InterContinental 02 on Thursday 7th December to celebrate outstanding achievement and recognise the best of the best in the insurance industry.

The judges were impressed by our great customer service, innovation, consistent financial results and our launch into home insurance.

CEO David Stevens was also a finalist in the Insurer’s CEO’s CEO category.

Elephant Insurance, the Henrico-based direct-to consumer insurance specialist, is pleased to announce Alberto Schiavon as its new CEO.

Schiavon, 31, has worked for the Admiral Group, Elephant’s parent company headquartered in the UK for the last five years in number of senior positions. Schiavon, originally from Venice, Italy, joined the Group in 2012 as an International Pricing Manager. More recently he has been UK Director of Sales and Marketing. Schiavon moved to Richmond in March 2017 to head up Marketing and Pricing.

We’re proud to announce that Great Place to Work has named Admiral Group as the 23rd best workplace in the world on the seventh annual 25 World’s Best Workplaces list.

More than 10 million employees from 6,600 companies around the globe participated in the survey process for the World’s Best Workplaces list. The ranking assessed employees’ views on leadership, organisational culture, and trust.

2017 Interim Results Highlights

30 June 2017

30 June 2016

% change

Group’s share of profit before tax*1

£195 million

£193 million

+1%

Group statutory profit before tax

£193 million

£190 million

Admiral has today announced that it will underwrite van insurance directly in the UK, rather than through its broker business, Able Insurance, and its panel of insurers.  More commonly known as Gladiator, Able has traded as a commercial vehicle intermediary for almost 19 years and currently has over 170,000 van customers. There will be no impact on current policies, and over the next 12 months, these customers will be invited, at renewal, to transfer onto the new Admiral Van product. The change will allow Admiral to directly offer motor, home and van policies in the UK.

Today (8th March) Admiral Group announced its Full Year Results for 2016 which show how the Group performed across the year.

8 March 2017

Admiral Group plc announces another year of strong growth and profit before tax of £284 million for the year to 31 December 2016

2016 Preliminary Results Highlights

Admiral Group plc will be announcing its 2016 Preliminary Results on Wednesday 8 March 2017 at 7.00am.

On the same day, Admiral will host an analyst presentation on the results at 8.00am at Bank of America Merrill Lynch, 2 King Edward Street, EC1A 1HQ.

The presentation will be accessible via a conference call for those unable to attend in person.

Admiral Group has been named the 2nd Best Big Company to Work For in the Sunday Times Best Companies to Work For list.

The list of Best Companies to Work For in the UK was announced at an awards ceremony held in London last night (23rd February) and Admiral came 2nd in the category of the 30 Best Big Companies to Work For 2017.

Admiral is the only UK company who has made the Sunday Times List every year since it began in 2001.

Admiral Group plc announces that Alastair Lyons, who has held the role of Non-executive Chairman since June 2000, has notified it that he does not intend to seek re-election as a director of the Admiral Group at the forthcoming Annual General Meeting on 26 April 2017.

In the build up to National Dyslexia Awareness week (3rd – 9th October), local employer Admiral is raising awareness of dyslexia amongst its staff with a new and innovative training course, created by one of its employees.

With 10% of the population affected, dyslexia can have an impact on employee wellbeing and Admiral’s ‘Understanding Dyslexia course aims to support those staff who have dyslexia and provide managers with knowledge and advice to give extra support to their colleagues.  

H1 2016 Group Results                     

Admiral Group has won The Wellbeing at Work Award at the Responsible Business Awards.

Hosted by Business In The Community Cymru, the awards identify and celebrate businesses from across Wales that are making a positive impact in their communities, schools, supply chains and workplaces.

Admiral was named the winner of the Wellbeing At Work Award for its Ministry of Health (MOH) programme.

As a proud Welsh company, Admiral will be closing its Cardiff, Swansea and Newport offices early on Wednesday (6th July) to allow staff to enjoy the Wales v Portugal Euro 2016 semi final.

Staff in Admiral’s contact centres work shifts, with some due to finish at 10pm. However, due to the enormity of Wednesday’s game and how Wales’ journey has gripped the company, it was a straightforward decision to close at 7pm.

This will mean that over 600 staff get to leave the office early so they can get ready for kick off.

Following receipt of regulatory approval, the Board of Admiral is pleased to announce the appointment of Justine Roberts as an independent non-executive director with effect from 17 June 2016.

Justine Roberts is the CEO and co-founder of internet company, Mumsnet.com, which has grown into the UK's biggest online network for parents. Justine has been responsible for the creation, strategic direction and overall management of Mumsnet, building it into one of the most recognisable internet brands in the UK.

Ty Admiral has been named the best corporate workplace by the British Council for Offices.

2015 Preliminary Results Highlights                       

Local employer, Admiral has celebrated the official opening of its Newport office by Welsh rugby player Jamie Roberts and three other members of the team.

Jamie, along with George North, Dan Biggar and Dan Lydiate joined Admiral's CEO Henry Engelhardt to mark the official opening of the city centre office. Representatives from many of the organisations involved in the building also attended the event.

Starting this week, local employer Admiral is moving 2,400 members of staff into its new Cardiff headquarters, Tŷ Admiral.

Admiral has had its headquarters in Wales since its launch in 1993. Starting with only 57 members of staff, the company now has over 7000 staff worldwide and 4 million customers.  It moved from premises on Newport Road to Capital Tower in 1999.

Starting this week, local employer Admiral is moving 2,400 members of staff into its new Cardiff headquarters, Tŷ Admiral.

Admiral has had its headquarters in Wales since its launch in 1993. Starting with only 57 members of staff, the company now has over 7000 staff worldwide and 4 million customers. It moved from premises on Newport Road to Capital Tower in 1999.

H1 2014 Group Results

Today, Monday 2nd June 2014, more than 450 Admiral Group staff will begin work in brand new offices in Newport city centre.

The staff, who have been located in Langstone Business Park since October 2008, will now be based in the specially built 6 storey, 80,800 sq ft office block on Queensway, directly opposite Newport railway station, a redevelopment of the Cambrian Centre.
Admiral Group CEO, Henry Engelhardt and COO, David Stevens will be greeting staff as they arrive for their first working day in the office.

Today, Monday 2nd June 2014, more than 450 Admiral Group staff will begin work in brand new offices in Newport city centre.

The staff, who have been located in Langstone Business Park since October 2008, will now be based in the specially built 6 storey, 80,800 sq ft office block on Queensway, directly opposite Newport railway station, a redevelopment of the Cambrian Centre.

Admiral Group CEO, Henry Engelhardt and COO, David Stevens will be greeting staff as they arrive for their first working day in the office.

Admiral Group has been named the third Best Large Workplace in the UK by the Great Place to Work Institute.

It is the company’s third year in a row the top three, the ninth year in a row in the top ten and the fourteenth consecutive year Admiral has been named in the list of best workplaces.

South Wales based insurance specialist, Admiral is looking to recruit 25 new employees in its Newport office.

The new recruits will start in July joining the company’s First Response and Outbound department in Claims. They’ll be the first new intake to start their careers in Admiral’s brand new office in the city centre of Newport.

Admiral Group has been named the second Best Big Company to Work For in the Sunday Times Best Companies to Work For in the UK list.

It is the first year Admiral has been in the Big Company Category which is for organisations with over 5,000 members of staff, and it’s the company’s highest ever placing in this competition.

Admiral is also the only company to have featured as one of the Best Companies to Work For every year since the competition started 14 years ago.

Admiral Group announces profit before tax of £370 million for the year to December 2013, an increase of 7% over the previous year. The Board is proposing a final dividend for 2013 of 50.6 pence per share, to be paid on 30 May 2014.

2013 Preliminary Results Highlights

Admiral Group has been recognised by the Welsh Government for the health and wellbeing of its staff through the award of the Gold Corporate Health Standard.

Run by the Welsh Government through Healthy Working Wales, the Corporate Health Standard (CHS) is the quality mark for workplace health promotion in Wales. The Standard has been developed to recognise good practice and to target the key preventable ill-health issues and the Health Challenge Wales priorities.

Admiral Group has extended its existing UK Car Insurance reinsurance partnerships with Hannover Re, Mapfre Re, New Re and Swiss Re to at least the end of 2016.  There has been no material change to the cost or contractual terms of these arrangements.

The extended reinsurance arrangements are in addition to the current agreement with Munich Re (covering 40% of the UK business), which runs to at least the end of 2018. 

Share of UK Car Insurance underwriting:

Admiral Group has completed a further sale of a minority equity stake in its US car insurance comparison website, Comparenow.com.

Effective from 18 December 2013, Admiral retains 67.8% ownership of Comparenow.com with White Mountains Insurance Group owning 21.1% and Mapfre USA owning 11.1%. Terms of the purchase are confidential, but Admiral can confirm that there is no material impact on the Group's 2013 full year results.

Admiral Group has extended its underwriting arrangements with Munich Re for its UK car insurance business. The long-standing partnership allows Admiral to mitigate risk exposure while benefitting from profit commission.

Munich Re underwrites 40% of Admiral's UK car insurance business and the new agreement extends this from the end of 2016 until at least the end of 2018. The cost and contractual terms remain confidential, but the Group confirms that they provide a slight improvement to Admiral from 2017.

Admiral's new office in Newport has reached an important milestone marked by a 'topping out' ceremony marking the completion of the highest point of the project.
The ceremony was attended by representatives from Admiral Group, Scarborough Development Group, its funding partner Investec Bank, and Newport City Council. Four members of Admiral staff who will be working at the building, also attended.

Topping out marks the completion of the building's frame. Internal fitting out and final completion is scheduled for August 2014.

H1 2013 Group Results

There was a double celebration in Cardiff on Thursday 27th June, when representatives from the property and construction industry came together for the 'topping out' of Admiral Group's stunning headquarters building and the winner of the 2013 Women in Property South Wales Student Awards was announced.

South Wales based insurance specialist, Admiral Group has announced it is recruiting 236 new employees over the next three months; 108 based in Swansea, 88 based in Cardiff and 40 based in Newport. The new staff members will take the total number of employees at the company to 5,145.

Admiral needs the new recruits in call centre departments including Sales, Customer Services and Renewals, to provide service to its increasing number of customers.

Admiral Group has extended its existing UK Car Insurance reinsurance partnerships with Hannover Re, Mapfre Re, New Re and Swiss Re to at least the end of 2015. There has been no material change to the cost or contractual terms of these arrangements.
The extended arrangements are in addition to the current co-insurance agreement with Munich Re (covering 40% of the UK business), which runs to at least the end of 2016.

Admiral Group plc announces a strong annual result with profit before tax of £345 million for the year to December 2012, an increase of 15% over the previous year. The Board is proposing a final dividend for 2012 of 45.5 pence per share, to be paid on 24 May 2013.

2012 Preliminary Results Highlights

Welsh rugby’s title sponsor Admiral has extended its current sponsorship contract with the reigning RBS 6 Nations Champions for a further two years, ensuring its name remains on the national team jersey until 2015.

Admiral’s logo first appeared in 2010, uniting Wales’ only FTSE 100 listed company with its national sport for the first time and it will now be retained until the next Rugby World Cup.

Admiral’s decision to extend the partnership strengthens the bond between two of the most high profile and successful organisations in Wales.

Insurers sweeten their offer to female drivers before gender ruling hits

Car insurance has plummeted by £360 (13.6%) for drivers aged 17-20, but 2013 could see dramatic price rises after this December’s EU gender ruling. Confused.com experts warn 17-20 year old drivers to take advantage of today’s preferential rates but warns young drivers to avoid 2013’s predicted price hikes by shopping around.

Average comprehensive car insurance prices now stand at £757 as of Q3 2012, compared to £843 for Q3 of last year, a significant year-on-year fall of £87 (10.3%).

Admiral announces another record half-year profit and continued growth. Profit before tax at £171.8 million was 7% ahead of H1 2011, while turnover rose 6% to £1.17 billion.

The Board is declaring a record interim dividend payment of 45.1 pence per share.

H1 2012 Highlights

Admiral Group has been named the best large place to work in the UK by the Great Place to Work Institute in their Best Workplaces list.

To add to this achievement, it also won an unprecedented four special awards for Health and Wellbeing, Learning and Development, Most Trusted Leadership and Disability. It is the company's highest ever placing since first appearing in the list in 2001. Last year Admiral Group came 9th.

South Wales-based Admiral Group has taken a major step forward in the construction of its new headquarters in Cardiff city centre, with a ceremony to turn the first sod on the scheme.

Admiral CEO Henry Engelhardt was joined by Tony Nash, Director of the developer Stoford and Hector McAlpine from the construction company Sir Robert McAlpine Limited to mark the occasion.

Also on site were nine of Admiral’s longest serving members of staff who joined the company on its first day of business in January 1993.

Admiral has achieved an unanimous decision from the Newport City Council and their planners to proceed with the new build in Newport city centre. This keeps Admiral on target to complete the building during December 2013 and to move employees into the site in early 2014.

The new 77,000 sq ft office building will have excellent train and bus links and access to local amenities and demonstrates Admiral's commitment to Newport and South Wales.

The building will include:

Admiral Group plc ("the Group" or "Admiral") has completed the review of Chiarezza, the Group's price comparison operation in Italy, that was discussed at the time of Admiral's full year results on March 7th 2012.

Admiral today confirms that it has sold Chiarezza to BlackFin Assurance Courtage. As at the end of December 2011 Chiarezza had gross assets of £1.3 million.

Construction of Admiral Group’s new headquarters in Cardiff city centre will be undertaken by Sir Robert McAlpine Limited, one of the UK's leading construction contractors.

The £60million development, which at 220,000sq ft will be the biggest pre-let office project ever seen in Cardiff will enable the insurance giant to employ more than 3,000 people in a single location offering easy access to public transport, shops, bars and restaurants.

Admiral Group plc (“Admiral” or “the Group”) today announces a strong annual result with a profit before tax of £299 million for the year to December 2011, an increase of 13% over the previous year. Turnover, comprising total premiums and other revenue, rose 38% to £2.19 billion. The Board is proposing a final dividend for 2011 of 36.5 pence per share, to be paid on 1 June 2012.

2011 Preliminary Results Highlights

Admiral Group plc has announced provisional plans to take a 20-year lease on a new 77,000 sq ft office building in Newport city centre as part of its continued commitment to south Wales. The company anticipates the building will be ready for occupation by the end of 2013 and will be able to accommodate up to 1,200 members of staff.

Local employer Admiral has given two members of staff a dream trip to Auckland to see Wales play France in the Semi Finals of the Rugby World Cup.

Craig Jenkins from Swansea and Julia Pring from Cardiff each won the opportunity to attend the game, which kicks off at 9am GMT in Eden Park on Saturday.

Admiral Group notes that the Ministry of Justice has confirmed it will impose a ban on the payment of referral fees in personal injury cases. Admiral welcomes any action taken to curb the compensation culture that currently exists in the UK motor insurance market.

We reiterate the disclosure provided during 2011 interim results presentation:

A Welsh Government backed pilot training package pioneered by Admiral Group to ensure job seekers have the specific skills they require has helped scores of unemployed people gain qualifications and find work.

The pilot is geared to meet the on-going recruitment needs of Admiral - the only FTSE100 listed company headquartered in Wales - while helping unemployed adults find work.

Admiral announces another record half-year profit and continued strong growth. Profit before tax at £160.6 million was 27% ahead of H1 2010, while turnover rose 53% to £1.1 billion.

The Board is declaring a record interim dividend payment of 39.1p per share.

H1 2011 Highlights

2,500 members of staff from car insurance specialist Admiral Group have shared a bonus pay out of £1.6 million.

The windfall is made up of dividends from the company’s approved share plan and a bonus* linked to the number of shares staff have in Admiral’s Discretionary Free Share Scheme (DFSS).

Building will bring more than £58 million investment to Cardiff city centre

Cardiff City Council planning committee has resolved to grant planning consent to developer Stoford's plans for a prestigious 220,000 sq ft headquarter building for motor insurance business, Admiral Group. The decision is subject to any new information being registered with the Council by or on 9th June. The building will be built on the site of the former David Street car park, a designated development zone, on Bridge Street, close to St David's shopping centre.

Admiral announces another record profit coupled with continued strong growth. Profit before tax at £266 million was 23% ahead of 2009, whilst turnover rose 47% to £1.58 billion. The Board is proposing a record final dividend for 2010 of 35.5p per share, to be paid on 10 June 2011.

2010 Preliminary Results Highlights

We are pleased that the European Court of Justice has decided to grant insurers a period of grace in order to introduce the necessary changes. We will now be taking some time to digest the full meaning of the ruling for British insurers and use the transition period to introduce an accurate, gender neutral pricing structure.

Further to the announcement made on 7 December 2010 regarding entering into exclusive discussions, Admiral Group plc (“the Group”) confirms that it has now sold AdmiralDirekt, the Group’s car insurance operation in Germany, to Itzehoer Versicherung. The value of the gross assets disposed of is £4.4m (€5.2m).

The insurance contracts generated by AdmiralDirekt and underwritten by the Group in 2011 will be fully reinsured by Itzehoer. It is intended to transfer the insurance contracts for 2011 and prior years to Itzehoer subject to Court and Regulatory approval.

The Group is pleased to announce that its direct insurance operation in France, L’Olivier (Olive Tree), launched today from its offices in Paris. As with our other international operations, we expect a modest start with small initial volumes as we learn more about the French market and how to develop our model. The Group will provide further update when it announces its results for the year ending 31 December 2010 on 2nd March 2011.

Admiral Group plc (“the Group”) is in discussions with Itzehoer Versicherung in respect of the sale of AdmiralDirekt, the Group’s start-up car insurance operation in Germany. Itzehoer Verischerung have expressed an interest in purchasing the Admiral Direkt operations and car insurance portfolio. The terms of any sale are yet to be finalised and it is not certain that a sale will take place. AdmiralDirekt is continuing business as usual.

The Welsh Rugby Union today, Wednesday 8 September, unveiled its new national team kit for the 2010 / 2011 season featuring, for the first time, the logo of new shirt sponsor and official partner Admiral.

The Wales international rugby squad kit has been designed, produced and manufactured by American performance sports clothing giant Under Armour since 2008.

Admiral announces another record half-year profit and continued strong growth. Profit before tax at £126.9 million was 21% ahead of H1 2009, whilst turnover rose 33% to £720.5 million. The Board is declaring a record interim dividend payment of 32.6p per share.

H1 2010 Highlights

South Wales motor insurance specialist Admiral Group has announced plans to move into a new headquarters in Cardiff city centre.

The new office, which at 220, 000 sq ft will be the biggest pre-let office project ever seen in Cardiff, will be developed by Midlands-based property specialists Stoford. It will allow Admiral to potentially increase the number of people it employs in the capital to more than 3,000 in a single building.

The decision is still subject to satisfactory planning permission being granted by Cardiff City Council.

With unemployment figures at their highest since 1994 not many companies have good news regarding recruitment. But one company is bucking the trend and has already recruited 490 people this year and plans to take on a further 261 by the end of June.

In a momentous year for Welsh golf, insurance firm Admiral, one of Wales’ largest employers, has joined forces as the official partner to the prestigious Ryder Cup Wales Seniors Open to give the sport a further boost in the run up to The Ryder Cup.

Wales will launch its assault on the most powerful teams in World rugby from this autumn with a new multi million pound sponsorship partnership which emblazons the international insurance services brand Admiral onto the famous Welsh jersey.

The Welsh Rugby Union has contracted to Admiral for the next three years in a deal which links two of the biggest brands now representing the sporting, commercial and culture image of the nation outside Wales.

Admiral achieves another record profit coupled with continued strong growth. Profit before tax at £216 million was 7% ahead of 2008, whilst turnover rose 18% to £1,077 million. The Board is
declaring a second interim dividend for 2009 of 29.8p, to be paid on 1 April, in place of a final dividend.

2009 Preliminary Results Highlights

The Group is pleased to announce that its price comparison website in Italy, trading under the name of Chiarezza.it (meaning ‘clarity’), has launched from its offices based in Milan. As with our other international operations, we expect a modest start with small initial volumes as we test various marketing campaigns. The Group will provide further update when it announces its results for the year ending 31 December 2009 on 2nd March 2010.

The Group is pleased to announce that its price comparison website in France, trading under the name of LeLynx.fr, has launched from its offices based in Paris. As with other international operations, we will start modestly, volumes are expected to be small during the coming months as we test various marketing campaigns. The Group will provide further update when it announces its results for the year ending 31 December 2009 in March 2010.

Admiral Group (“Admiral”) today announces that it has signed new reinsurance contracts with Munich Re and Hannover Re for its new car insurance operation in the USA, Elephant Insurance (“Elephant”). Admiral also announces that it has extended its long-term coinsurance and reinsurance arrangements with Munich Re for its UK, Spanish and Italian businesses, while the existing agreement for the German business remains in place.

Admiral Group, the FTSE 100 UK insurance group, and Mapfre S.A., member of the IBEX 35 index, announce Mapfre Familiar’s purchase of a 25% shareholding in Admiral’s new price comparison business in Spain, Rastreator.com. Terms of the purchase have not been disclosed.

Rastreator.com launched at the end of March as one of the first car insurance price comparison sites in Spain. It is attempting to follow the highly successful footsteps of Confused.com in the UK.

Admiral Group plc is delighted to announce that it has today launched its new car insurance operation in the USA. The business, based in Richmond Virginia, will trade under the name of Elephant and will sell car insurance to US customers direct by telephone and internet. It will initially trade in one state only, Virginia, and, in common with our other international operations, will start modestly as we learn more about the US market and how to develop our model. The Group will provide further update when it announces its results for the year ended 31 December 2009 in March 2010.

Admiral achieves another record half year profit coupled with continued good growth. Profit before tax at £105.3 million was 5% ahead of H1 2008, whilst turnover rose 17% to £540.1 million. The Board is declaring a record interim dividend payment of 27.7p per share.

H1 2009 Highlights

The Group is pleased to announce that its price comparison website in Spain, trading under the name of Rastreator, has launched from its offices based in Madrid. It is intended that various marketing campaigns will be tested over the coming months and volumes will be small during this period. The Group will provide further update when it announces its interim results for the half year ending 30 June 2009 in August 2009.

Admiral Group plc (“Admiral” or “the Group”) today announces a strong annual result with a profit before tax of £202.5 million for the year to December 2008, an increase of 11% over the previous year. Turnover, comprising total premiums and other revenue, rose 13% to £910 million.

2008 Preliminary Results Highlights

Admiral announces another record half-year profit and continued strong growth. Profit before tax at £100.3 million was 16% ahead of H1 2007, whilst turnover rose 13% to £472.5 million. The Board is therefore declaring a record dividend payment of 26.0p per share.

H1 2008 Highlights

Admiral Group plc (“Admiral” or “the Group”) today announces a record annual result with a profit before tax of £182.1 million for the year to December 2007, an increase of 24% over the previous year. Turnover, comprising total premiums written, gross other income and investment income, rose 16% to £824.9 million.

2007 Preliminary Results Highlights

Admiral Group plc (“Admiral” or “the Group”) today announces a strong interim result with a profit before tax of £86.3 million for the six months to 30 June 2007, an increase of 26% over the same period in 2006. Group turnover, comprising total premiums written, gross other income and investment income, rose 16% to £417.8 million.

2007 Interim Results Highlights

Admiral Group plc ("Admiral" or "the Group") today announces a record annual result with a profit of £147.3 million for the year to December 2006, an increase of 23% over the previous year. Group turnover, comprising total premiums written, gross other income and investment income, rose 11% to £708.2 million.

2006 Preliminary Results Highlights

Admiral Group plc (“Admiral” or “the Group”) today announces a strong interim result with a profit before tax of £68.7 million for the six months to 30 June 2006, an increase of 24% over the same period in 2005. Group turnover, comprising total premiums written, gross other income and investment income, rose 12% to £359.2 million.

2006 Interim Results Highlights

Admiral Group plc ("Admiral" or "the Group") today announces a record annual result with a core profit1 of £122.1 million for the year to December 2005, an increase of 21% over the previous year. Group turnover, comprising total premiums written, gross other income and investment income, rose 16% to £638.4 million.

2005 Preliminary Results Highlights

Leading Welsh employer Admiral Group is strengthening its position in Wales by creating more than 250 jobs in Swansea over the next 3 years. In order to accommodate the increased numbers it's moving from its current Alexandra House location to brand new purpose built offices on the SA1 Swansea Waterfront development.

Admiral Group plc ("Admiral", or "the Group") today announces record interim results with a core profit* of £56.9 million for the six months to June 2005, an increase of 17% over the same period in 2004. Group turnover, comprising total premiums written, gross other income and investment income, rose 19% to £319.3 million.

2005 Interim Result Highlights

Admiral Group plc ("Admiral", or "the Company") today provides an update on current trading. The Company will announce its 2005 first half-year results on 6 September 2005.

Highlights

Admiral's turnover grew to £319.4m in H1 2005 compared to £269.3m H1 2004, an increase of 19%. Compared to H2 2004 turnover is up 15%.

Financial services intermediary Admiral is offering to pick up the tab for talented Welsh students at Europe's premier business school. Over the next 3 years, Admiral will offer at least 3 Welsh students scholarships of up to £20,000 each to help cover the cost of tuition and living expenses at INSEAD business school.

Admiral Group plc ("Admiral", or "the Group") today announces a record adjusted core profit of £100.6 million for the year to December 2004, an increase of 30% over the year earlier. Aggregate group turnover, comprising total premiums written, gross other income and allocated investment income, rose 28% to £548.0 million.

2004 Highlights

Before entering its closed period on 21 January 2005, Admiral Group plc ("Admiral", or "the Company") today provides an update on current trading. The Company will announce its preliminary results for the year ended 31 December 2004 on 21 March 2005.

Admiral expects to deliver profits in 2004 in line with management expectations set out at the time of the Company's Initial Public Offering in September 2004.

2004 Highlights

Admiral Group plc ("Admiral") is delighted to announce that it has been included in the FTSE 250 index following the quarterly review of the UK Index Series, as announced by FTSE today.

Admiral was ranked 189th largest FTSE company, according to the FTSE ground rules, which give a 40% weighting to the Company's total market capitalisation of £829.4m (at market close on 7 December 2004), based on its free float of 37.4%.

All announced index changes will be effective on Monday, 20 December 2004, as announced by FTSE today.

Admiral Group plc ("Admiral", or "the Company") today announces a change to its proportional reinsurance arrangements for wholly owned underwriting subsidiary Admiral Insurance (Gibraltar) Limited ("AIGL").

With effect from 1 January 2005, Gen Re and Axis Re Europe ("Axis") have agreed to increase their reinsurance participation to 5% each of Admiral's total written premium from previously negotiated shares of 2.5% and 1%, respectively. Gen Re has secured a 12-month contract and Axis has secured a 24-month contract.

Admiral Group plc ("Admiral" or "the Company") today announces the successful pricing of its initial public offering of existing ordinary shares to institutional investors (the "Global Offer").

Admiral Group plc ("Admiral" or "the Company") today announces the successful pricing of its initial public offering of existing ordinary shares to institutional investors (the "Global Offer").

Admiral Group Limited (“Admiral” or “the Company”) announces today the launch of a global offer of existing ordinary shares (“the Global Offer”) through an institutional offering as part of its plans to float on the London Stock Exchange. The indicative price range of the Global Offer is 245 pence to 300 pence per existing ordinary share, which implies an equity value for the Company of between £634 million and £776 million.

Admiral Group, the financial services intermediary, announces today a 30.5% increase in adjusted core profit for the six months ended 30 June 2004 to 45.3 million. Aggregate group turnover, comprising total premiums written, gross other income and allocated investment income, rose 30.2% to 269.3 million (2003 H1: 206.8 million).