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Admiral Group PLC (ADML.L)

ADML.L on London Stock Exchange

16 Jan 2017
Change (% chg)

-8.00p (-0.45%)
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Latest Key Developments (Source: Significant Developments)

Admiral H1 pretax profit rises, Brexit hits solvency ratio
Wednesday, 17 Aug 2016 02:00am EDT 

Admiral Group Plc : Admiral Group Plc results for the six months ended 30 june 2016 . Admiral has also declared a record interim dividend of 174.7 mln stg (62.9 pence per share), up from 140.2 mln stg(51.0 pence per share) for H1 2015 . Interim dividend includes 33 mln stg (11.9 pence per share) of additional return of capital as a result of strong solvency ratio . UK's decision to leave EU (Brexit) resulted in market volatility which impacted solvency ratio . Group profit before tax 193 mln stg versus 186 mln stg +4 pct . International car insurance losses totalled 12.9 mln stg (H1 2015: 11.2 mln stg). . Solvency ratio (post dividend) 180 pct versus 206 pct (FY 2015) . UK car insurance profit increased by 2 pct to 222.8 mln stg(H1 2015: 219.2 mln stg). . Significant downwards movements in risk free interest rates during 2016 led to an increase in regulatory valuation of uk car insurance business claims liabilities . This amounted to a downwards movement of approximately 20 pct in solvency ratio terms following eu referendum result . Market volatility that resulted from Brexit has adversely impacted group's solvency position at end of first half .This is due to an increased regulatory valuation of claims liabilities, in particular in relation to longer dated potential ppo claims, and hence reduced capital.  Full Article

Admiral Group plc declares interim dividend
Wednesday, 19 Aug 2015 02:00am EDT 

Admiral Group plc:Declared interim dividend for financial year of 51.0 pence per share, which is 3 pct. higher than interim payment in 2014.Says payment date is Oct. 9, ex-dividend date Sept. 10, and record date Sept. 11.  Full Article

Admiral Group PLC announces resignation of CEO
Wednesday, 13 May 2015 02:01am EDT 

Admiral Group PLC:Says that Henry Engelhardt has decided to step down from his role as CEO in one year's time.Says he will be replaced by co-founder and current Admiral Chief Operating Officer (COO), David Stevens.  Full Article

Admiral Group PLC proposes final dividend
Thursday, 5 Mar 2015 02:00am EST 

Admiral Group PLC:Proposes final dividend at 49.0 pence per share.Payment date is May 29.Ex-dividend date is May 7.Record date is May 8.  Full Article

UPDATE 2-Admiral may move underwriting if UK insurers lose EU rights

* Ireland is possible alternative if new base needed (Adds CFO, analyst quotes, details, share movement)