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Admiral Group PLC (ADML.L)

ADML.L on London Stock Exchange

2,000.00GBp
17 Aug 2017
Change (% chg)

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2,000.00
Open
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Day's High
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Volume
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Avg. Vol
737,304
52-wk High
2,184.00
52-wk Low
1,680.00

Latest Key Developments (Source: Significant Developments)

Admiral Group posts HY EPS 57.3 PENCE
Wednesday, 16 Aug 2017 02:00am EDT 

Aug 16 (Reuters) - ADMIRAL GROUP PLC :GROUP'S SHARE OF PROFIT BEFORE TAX £195 MILLION.EARNINGS PER SHARE 57.3 PENCE.INTERIM DIVIDEND 56.0 P/SHARE.GROUP TURNOVER (*1) £1.45 BILLION.GROUP NET REVENUE £0.55 BILLION.SOLVENCY RATIO (POST DIVIDEND) (*1, 2) 214%.DAVID STEVENS, GROUP CHIEF EXECUTIVE OFFICER "WE'VE GROWN TURNOVER AND CUSTOMER NUMBERS IN OUR EXISTING BUSINESSES BY OVER 13%.UK INSURANCE BUSINESS (PRIVATE CAR, HOUSEHOLD AND VAN) GREW TURNOVER BY 11% TO £1.14 BILLION (H1 2016: £1.03 BILLION).INTERNATIONAL INSURANCE BUSINESSES GREW COMBINED TURNOVER BY 39% TO £221.9 MILLION (H1 2016: £159.2 MILLION).SPECIAL DIVIDEND OF 18.1 PENCE PER SHARE.NUMBER OF VEHICLES INSURED ALSO GREW BY 7% TO 3.77 MILLION (30 JUNE 2016: 3.52 MILLION) WITH VOLUMES IMPROVING IN Q2.UK CAR INSURANCE PROFIT WAS BROADLY FLAT AT £224.2 MILLION COMPARED TO £222.8 MILLION FOR H1 2016.  Full Article

UK's FCA says insurer Admiral gave customers wrong information
Friday, 16 Jun 2017 06:06am EDT 

June 16 (Reuters) - UK Financial Conduct Authority:Admiral agrees to contact customers who may have been given inaccurate information in renewal documents​.Found Admiral included inaccurate premium amounts in renewal documents issued to some customers by publishing last year's quoted premium.Admiral will now make changes to ensure it is fully compliant with FCA rules.‍Currently assessing firms' implementation of these rules to ensure that firms are giving customers clear and fair disclosure on their renewal prices​.  Full Article

Admiral says Annette Court succeeded Alastair Lyons as chairman
Thursday, 27 Apr 2017 06:09am EDT 

April 27 (Reuters) - Admiral Group Plc ::Non-executive director and chairman, Alastair Lyons, did not offer himself for re-election at Admiral's AGM held on April 26.Non-executive director annette court has succeeded Alastair Lyons as chairman with effect from April 26.  Full Article

Admiral CFO says 60-70 mln stg Ogden hit still to take
Wednesday, 8 Mar 2017 02:47am EST 

Admiral : CFO Geraint Jones says firm to take remaining Ogden Rate hit of 60-70 million pounds, net of tax, over the next 3-5 years. . Says does not see discount rate change impacting long-term growth in the business. . Says discount rate change did not reflect the way claimants invest lump sum payments, looks for "less eccentric" conclusion from government review . Says expects to launch personal loans product fully in the first half of 2017. .Says looking at "large number" of locations for post-Brexit EU subsidiary, expects decision "in month or two"; not speaking to regulators in other countries..  Full Article

Admiral announces appointment of Annette Court as non-exec chairman
Thursday, 2 Mar 2017 09:43am EST 

Admiral Group Plc : Announce appointment of Annette Court as non-executive chairman of Admiral .Annette will succeed current Admiral chairman, Alastair Lyons, when he retires from board at AGM on April 26, 2017.  Full Article

UK rate change to add 50-75 stg to average comprehensive motor insurance policy - PwC
Monday, 27 Feb 2017 04:04am EST 

:Consultants PwC say a sharp cut in the UK's personal injury discount rate will lead to an annual increase of 50-75 pounds on an average comprehensive motor insurance policy..  Full Article

Association of British Insurers-cutting discount rate is "crazy decision"
Monday, 27 Feb 2017 03:20am EST 

Association of British Insurers (ABI): ABI says cutting discount rate is "crazy decision", motor and liability premiums will rise .ABI says NHS will likely have 1 billion pound ($1.24 billion) rise in compensation bills as a result of discount rate cut.  Full Article

Admiral says to postpones FY results to March 8 after Ogden rate annoucement
Monday, 27 Feb 2017 02:23am EST 

Admiral Group Plc : Decided to postpone preliminary announcement of results for year ended 31 december 2016 from 1 march 2017 to 8 march 2017 . Estimated total net financial impact(1) of all claims settling at new rate is £140m to £175m . Admiral group plc - estimated net financial impact on 2016 reported profit is £70m to £100m . Group expects to maintain final dividend at last year's level of 51.5 pence per share .Admiral- if market pricing adjusts future premiums to reflect lower discount rate, there will be no significant impact on future business.  Full Article

UK's Ministry of Justice says Ogden rate announcement to be out Feb. 27
Friday, 24 Feb 2017 12:00pm EST 

UK's Ministry of Justice:Ministry of justice - Lord Chancellor would announce result of her review of discount rate for personal injury claims on morning of 27 February.  Full Article

UK's Lord Chancellor to make announcement on discount rate review in Feb
Friday, 27 Jan 2017 02:00am EST 

Ministry of Justice: On 7 December, Lord Chancellor informed market that result of her review of discount rate for personal injury claims would be announced by 31 January . This has taken longer than anticipated, so it is not yet possible to make an announcement .However, lord chancellor remains committed to making an announcement in February.  Full Article

UPDATE 1-Miners boost Britain's FTSE as Admiral Group hits stormy seas

* Balfour Beatty among top-gaining mid caps after results (Adds detail, updates prices at close)