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Financials

Insurer Admiral profit rises as reduced driving during pandemic curbs claims

March 4 (Reuters) - Insurer Admiral Group Plc posted higher full-year earnings on Thursday, as it paid out fewer claims relating to car repairs and accidents, with repeated coronavirus lockdowns in the UK keeping people away from roads.

Pre-tax profit from continuing operations jumped to 608.2 million pounds ($848.86 million) for the year ended Dec. 31 from 505.1 million pounds a year ago.

$1 = 0.7165 pounds Reporting by Muvija M and Chris Thomas in Bengaluru; Editing by Rashmi Aich

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