CORRECTED-Insurer Admiral posts 4% rise in H1 pretax profit

(Changes operating profit to pretax profit throughout)

LONDON, Aug 14 (Reuters) - British insurer Admiral on Wednesday posted a 4% rise in pretax profit in the first half of the year, driven by a strong performance in its UK business.

Admiral, one of Britain’s largest motor insurers, said pretax profit rose to 220 million pounds ($265.23 million) from 212 million pounds last year.


Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.

Sign up for a free trial of our full service at and follow us on Twitter @Breakingviews and at All opinions expressed are those of the authors.