Company website is www.admiralgroup.co.uk

-

4:30pm today is sharebuying deadline for anyone wanting to qualify for the double dividend, worth 14.9p

Normal divi is 7.8p but there is an additional special divi this time of 7.1p

Juzzle Please explain what this means sorry I am a little slow
Thanks

Hi Frank. Which bit?

As with most dividend-paying stocks, twice yearly dividend goes to shareholders who are in possession of the stock at the qualifying date - ie ahead of the day it goes ex-dividend. XD date is usually a Wednesday, and tomorrow is the one for Admiral. Anyone in possession of the stock before market opens will get the dividend (even if they sell their holding on that xd day). Anyone buying tomorrow (or after) will be buying without entitlement to the imminent divi (7.8p per each share held).

On this occasion there is an additional one-off dividend (7.1p for each share held) that was announced some weeks ago and for which the qualifying date is the same as the normal divi.

Share price normally drops on XD day (reflecting the fact that shares bought then onwards no longer come with divi entitlement attached). So buying today (to benefit from divi payout) will only prove advantageous if the share price recovers quite quickly and continues rising.

Quite often (not always) there will be a noticeable upkick in the share price the day or days before a stock with decent divi goes xd, as people buy in to qualify. I sometimes daytrade the stock just for that one day or days (via a rolling daily spreadbet) to capture that rise, and get out before Tuesday closes.

I hold this stock in a sharedealing ISA account.

Wow Thanks as I am new to trading this is good news I think I will get in on this How do you know when is the last day before the XD date? I think this is a good strategy for day trading please let me know how to find out.

Thanks

Frank - just click the FORWARD DIARY tab at the top of this screen, then select the next Wednesday date (at present that will be 19 April, and next one 26 April). Stocks that are going XD that day are listed, along with the amount of the divi.

Also, if you use the SEARCH tab within the thread list page (or within this/any thread) and seach for Dividend, you will find several previous discussions (some of which stray off-topic, but a few stay on it).

PS: When you see an interesting opportunity, always check the company's own website/announcements in case the published listings are incorrect.

Thanks alot Juzzle. on the forward diary where it says 14.9p next to ADM what does the 14.9p mean

Juzzle. I have one last Question in the forward diary on the 19th above where the Lse is listed what does AGM / EGM stand for? Thanks alot

Frank - re your 14.9p question. Like I said, it means anyone who qualifies for the dividend (by being the owner of shares at the qualifying date) will find their account credited with that amount (14.9p for each share they hold/held).

The date that money appears is usually a few weeks later (and is given in company details) regardless of whether you have since sold the stock. For example if you bought say 300 ADM shares today and held them overnight, you would recieve a dividend (gross) payout of 44.70 on 25 May (that being the published payout date for ADM). You need to apply your own judgment as to when the share price will recover from whatever dip (if any) occurs tomorrow, and this will determine how long you hold it for. Do NOT be tempted to try and capture the dividend with a spreadbet that expires beyond the eve of the XD date, as the quote for such will be designed to cancel out the divi effect.



Edit: agm = Annual General Meeting. Egm means Extraordinary General Meeting (arranged to discuss/vote some particular proposal). Frank, I don't want to sound patronising, but it sounds like you have some very basic stuff to learn yet - in which case some of this stuff about how to exploit divi situations is probably best that you watch for a while rather than join in with yet.

PS: I am happy to help when I can, and so will many others on these bulletin boards. But where the questions are not specific to this ADM stock, I think they would be better posed on one of the other help threads perhaps.



PS: Frank, you sent me an offline question. I cannot reply via that route cos you don't have your own message facility switched on. But the answer to your query is above.

Thanks for the info much appreciated

juzzle . i hope you are still holding. i have only just discovered this thread. I have been watching this for the past couple of eons looking for a point to enter. needless to say, as always , i got sidetracked, and keep thinking, well it must stop somewhere. well done and thanks.
ps that logo you show, I did originally think, and for quite some time, that this admiral was the shirt maker. maybe it is. i dont know, although it seems not, i just read sharts. not chirts.
this is another one that has " got away from me "

STOCKWATCH Admiral rises; Bear raises price target

LONDON (AFX) - Shares in Admiral Group PLC were up after Bear Stearns raised the motor insurer's price target, dealers said.
At 10.57 am shares were up 7-1/2 pence at 970-1/2.
The US investment bank and broker said that it is raising its 2007 price
target by 19 pct to 1,109 pence from 928 pence. "We believe the shares will
trade above fair value as they discount potential overseas success," said
analyst James Shuck in a note to investors.
Shuck added that although he finds it difficult to identify near-term
catalysts that could push the shares on to the next level there is likely to be
support in advance of the upcoming investor day on November 14.
He added that potential catalysts include signs of an upturn in prices,
greater than expected policy growth, and further international expansion. Shuck
also noted that shares could see further upside if the reinsurance contract with
Munich Re is negotiated with more favourable terms.
alex.ferguson@afxnews.com
af/joy

Company yesterday announced its new Spanish HQ, in Seville.
Spanish website www.balumba.es

Also going to be exporting its proven business model to Germany and France in due course.

Admiral Group plc Results for the Year Ended 31 December 2009 2 March 2010

Admiral achieves another record profit coupled with continued strong growth.
Profit before tax at GBP215.8 million was 7% ahead of 2008, whilst turnover rose
18% to GBP1,077.4 million. The Board is declaring a second interim dividend of
29.8p, to be paid on 1 April, in place of a final dividend.

2009 Preliminary Results Highlights

* Group profit before tax up 7% at GBP215.8 million (2008: GBP202.5 million)
* Second half dividend of 29.8p per share (2009 interim: 27.7p)
* Group turnover* up 18% at GBP1,077.4 million (2008: GBP910.2 million)
* Group net revenue up 20% at GBP507.5 million (2008: GBP422.8 million)
* Number of Group customers up 19% to 2.08 million (2008: 1.75 million)
* Profit from UK car insurance up 15% to GBP206.9 million (2008: GBP179.9 million)
* UK ancillary income per vehicle stable at GBP72 (2008: GBP71)
* Non-UK car insurance turnover GBP47.2 million (up 59%) and 121,000 customers
(up 64%)
* Elephant Auto, the Group's new US insurer based in Virginia launched in
October 2009
* Rastreator.com, the Spanish price comparison site launched in March 2009
* Employee Share Scheme - shares, in total worth over GBP9 million will be
distributed to over 3,500 staff based on the 2009 result
* Turnover is defined as total premiums written (including co-insurers' share)
and other revenue

Blue Chip Bulletin: Confused.com drags on Admiral

http://www.whatinvestment.co.uk/trading/share-dealing/uk-companies/1606598/blue-chip-bulletin-confusedcom-drags-on-admiral.thtml

StockMarketWire.com
Car insurance specialist Admiral this morning announced another record half-year profit and continued strong growth. Admiral said profit before tax at 160.6m was 27% ahead of H1 2010, while turnover rose by 53% to 1.1bn.

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

Group profit before tax up 27% at 160.6m (H1 2010: 126.9m), while earnings per share were up 28% at 43.3p (H1 2010: 33.7p).

Interim dividend was up a record 20% at 39.1p per share (2010 interim: 32.6p).

Group turnover was up 53% at 1.1bn (H1 2010: 720.m).

Group vehicle count was up 33% to 3.15 million from 2.37 million at 30th June 2010.

International Car Insurance turnover was up 45% to 53.9m (H1 2010: 37.1m) and vehicles up 53% to 236,000 (H1 2010: 154,000).

Group net revenue was up 43% at 425.1m (H1 2010: 296.4m).

Employee Share Scheme - over 8m of shares will be distributed to over 5,700 staff based on the first-half results.

Henry Engelhardt, CEO, said: "Over 1 billion turnover in six months! It wasn't so long ago that we were pleased to report over 1 billion turnover for a full year. This is an incredible achievement and is credit to the hard work of everyone at Admiral.

"In the UK the momentum of vehicle growth and price rises from 2010 and Q1 2011 carried us through the first half of 2011, although injury claims and their related costs continue to rise in the UK market, something to which we are not immune. As one of the lowest cost providers in a commoditised market we are well placed for a future which is shaping up to be the survival of the fittest.

"Outside the UK we are continuing the tough job of building sustainable, profitable and growing businesses from scratch. On a daily basis the new customers we get from outside the UK are now over 15% of the UK's new business, meanwhile consumer preference for price comparison shopping in our European markets is growing.

"All in all we're pleased with the numbers for the first half of 2011. As a result, every member of staff will receive 1,500 of free shares in the Group, worth over 8m in total."

Harry I saw the figures earlier - they don't seem that bad?

This is generally why I don't invest in insurers as I don't really understand the mechanics of the revenue streams:
"Despite the tumble in Admirals share price on Wednesday, Nomura has reiterated its positive stance on the stock, saying that headline results from the car insurer came in more or less in line.

The highlight is strong group policy growth of 33% in the first half, where first quarter momentum has been carried forward, said Nomura.

However, the market on Wednesday seemed to focus on Admirals combined ratio (which measures how well the underwriting operations are doing - a lower number is better) which rose to 94.2%, from 89.3% in the first half of 2010. As such, shares were 8.86% under at 12.41.

Nevertheless, Nomura says that the investment case predicated on continued earnings growth remains sound and keeps its buy rating and 2,000p target price.

Harry, I haven't checked the yield yet - but it was approaching 5%. Having said that, I have a surfeit of Insurers atm.

Down again today. Surely must be due for a bounce soon.

It did at 1249 :-)

From Hargeaves Lansdown:
Thu 25 August 2011 06:41
Admiral's shares suffered yesterday, says the Investment Column at the Independent. The company reported high headline numbers: first-half profits of 16.6m were 27 per cent ahead of the same period last year, while turnover rose by 53 per cent to 1.1bn. But some analysts expected better for the shares to justify their lofty rating. Their main worry was the cost of big personal injury claims from prior years, which appear to have increased considerably. We said avoid back in March, with the shares at 1,665p. That has proved to be sound advice. However, even after their recent falls, the shares still trade at 17 times full-year earnings. Given that premium prices are slowing and the increase in those injury claims, the fact that the company is going to find it tough to maintain its growth levels, and our concerns over service, the shares are too pricey. Avoid, says the Independent.

Harry just insured my car with them. I will let you decide if this makes a difference to future profits.lol

Harry - I think panmure had them as a buy after yesterday's figures.

Well, it will so long as you don't claim, dc. So drive carefully!

Actually it was Nomura as highlighted in your post of yesterday - I'm losing the plot!

Be nice Harry. I can do a lot of damage with my 4X4 lol

RNS Number : 0804N

Admiral Group PLC

26 August 2011

Admiral Group plc

25 August 2011

This disclosure relates to transactions of which notification is required under paragraph 3.1.2 of the Disclosure Rules.

Admiral Group Chairman, Alastair Lyons, has today bought 20,000 Admiral Group plc shares at an average price of GBP12.72.

Alastair Lyons and Family now hold a total 482,152 ordinary shares in Admiral Group.

Bounce today, but for how long?

Interesting day ?

RNS Number : 9445N

Admiral Group PLC

09 September 2011

Admiral Group plc

9 September 2011

Statement on Ministry of Justice Ban on Referral Fees

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:

- Admiral does not sell customer data; if one of our policyholders has a non-fault accident, suffers a bodily injury and they require assistance, we will put them in touch with a personal injury lawyer

- Personal injury referral fees account for a small proportion of profits; c6% of UK car insurance profit before tax

Admiral will consider appropriate action as and when further details of the implementation of the ban are made available.

This is overvalued fair value is 300p

rns very good overall - big panic here expect more bounce - keep an eye out here lol

@mitzy - What on earth do you base your valuation of 300p on?

Careful now.

StockMarketWire.com
Car insurance specialist Admiral Group said this morning that turnover increased by 30% to 582m in the period since 1st July (Q3 2010: 446m).

Group vehicle count increased 27% to 3.3 million (Q3 2010: 2.6 million)

International car insurance turnover was up 45% to 27m (Q3 2010: 18.6m).

International car insurance vehicle count was up 53% to 267,000 (Q3 2010: 175,000).

The annualised UK vehicle count growth rate was just over 13%.

Modest UK premium rate increases were achieved and UK ancillary contribution per vehicle was in line with H1 2011.

The combined ratio remains significantly lower than the market and the financial position remains strong, Admiral said.

Henry Engelhardt, CEO, said: "Admiral now insures over three million vehicles. This is a great achievement and provides a fantastic base from which to continue our long sustained growth in the scale of our business and its profitability.

"Across 2011 as a whole we are likely to have grown our UK vehicle count by more than 20%. Our international insurance business also continues to achieve strong growth and further improvement in operating results.

"Notwithstanding the continued higher level of large claims in the quarter, I expect us to once again report record profits for the full year, probably some 10% higher than last year. I am confident that with Admiral's enlarged customer base and significant combined ratio advantage we are in a strong position for sustained long term growth and good news in 2012 and beyond."

Admiral said its claims experience in Q3, if replicated in Q4, would lead to a small improvement at the end of the year in the aggregate projected ultimate loss ratios for the back years (2000-2009).

However, consistent with the trend reported in H1 2011, the frequency and expected cost of new large personal injury claims has remained above historical levels of experience.

This leads the group currently to expect some adverse development at the full year on the projected ultimate loss ratios for 2010 and 2011 which would affect both overall reserve movements and recognised profit commission.

If there is no reversal in Q4 of this higher than normal level of large claims, Admiral anticipates that full year pre-tax profits will be towards the lower end of the range of analysts' estimates, or some 10% ahead of 2010, with no further reserve releases in the second half.

Based on the 6 year chart private.

yes broker targets to 1900 lol...........

25-Oct-11 Nomura Buy 1,220.00p 1,900.00p - Reiteration
19-Oct-11 Credit Suisse Underperform 1,225.00p 1,500.00p - Reiteration
10-Oct-11 Nomura Buy 1,246.00p 1,900.00p - Reiteration


i feel a yeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

noted virtually all at trades :-))))))))))))

gibby - I wish I had a pound for every buy note I've had on these in the last month or so.

lol skinny even so at this sp??? & ref rns "Notwithstanding the continued higher level of large claims in the quarter, I expect us to once again report record profits for the full year, probably some 10% higher than last year. I am confident that with Admiral's enlarged customer base and significant combined ratio advantage we are in a strong position for sustained long term growth and good news in 2012 and beyond."

this sp to my view is excellent buy in opp

@mitzy - surely you can't see ADM dropping to 300p can you?
Forecast yield would then be almost 30%

"....this sp to my view is excellent buy in opp" ....how can you possibly know where the sp will settle gibby? Buying now is a pure punt for an anticipated bounce which may not come.

lol hc - no its a bit more than finger in the air - basing it on the fact that 12 mth low 815 when adm not in such good shape, record profits will be announced even if q4 claims go up - note they only said IF q4 claims go up and even if they do still post record profits, continuous growth expected through 2012 and beyond et cetera - tasty invesment

wow used the strong and it didnt stick again!! :-)))) adm will bounce question is when - looking for ii movement personally as this is ftse only a tad over 270M shares in issue

Profit warnings usually come in 3's and today was the first one.

Investec says that dark clouds [are] forming at insurance giant Admiral, as it reiterates its sell rating and 843p target.

Shares plunged on Wednesday morning after the firms statement which warned 2011 profits would be at the lower end of expectations (just 10% higher than 2010) due to a jump in personal injury claims.

We see this IMS as an admission that Admiral is not immune from market forces and this will disappoint the market, we believe. It remains our view that significantly out-performing a commoditised market for sustained periods is impossible, said Investec analyst Kevin Ryan.

investec what do they know LOL

in these market to increase profits by JUST 10 % is good going and that is only if things go bad currently ahead of that - i wonder how Investec are performing right now lol

Markets are forward looking, hence the drop.

I remember Independent insurance which rose from nothing to 2000p and then collapsed and the Director Alan Bright went to jail for fraud..I got out of them a week before they went to the wall..not suggestimg any wromg doing here.

Its dog eat dog in the insurance market.

lol yes - i know a real good buy homeserve LOL!!! wonder how much worse it will get there - thousands of wrong selling claims going in against them!!

wouldnt want to be in homeserve right now - in fact anytime at all!!!

hmm mini revival

lol lol lol bouncing!!!!!!!!!!!!!!!!!!!!!!!

yeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

easy wonger again!! :-))))))))))))))))))))))))))) ftse 100 co bouncing

get in there!!!!!!!!!!!!!!!!!!!

:-)))))))))))))))))))))))))))))))

lol back to 9 squid

strong last hour ahead - yeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaa

we're off again

what a day - iis been waiting for a weakness like this and been snapping up panic sells and at triggers - additionally ceo bought another 1 million shares - looking fwd to tomorrow - satisfactory day at the office :-)

very interesting day tomorrow especially in current mkt conditions - wonder how many will follow the money the 1M ceo buy today and other director buying is more than interesting additionally:

09-Nov-11 Nomura Buy 887.50p 1,900.00p - Reiteration

gla

Still a sell.

:-)

"UBS has downgraded insurance titan Admiral from buy to neutral and slashed the target price by a whopping 45%, from 1,610p to 890p, following the groups statement yesterday which resulted in over a quarter of its market value being lost.

Although we believe that Admiral remains among the best managed non-life companies in Europe, earnings transparency is low until the reasons for the acceleration in large bodily injury claims become clear, said UBS analyst James Pearce.

Other brokers have cut their ratings and/or targets today on the stock: Nomura kept its buy rating but reduced its target price from 1,900p to 1,100p; Credit Suisse downgrades from neutral to underperform, target cut from 1,500p to 1,100p."

Brokers' round-up, major downgrades for Admiral Group
StockMarketWire.com
UBS downgrades Admiral Group from buy to neutral, target price cut from 1610p to 890p.

Credit Suisse downgrades Admiral Group from underperform to neutral, target price cut from 1500p to 1100p.

Deutsche Bank downgrades Admiral Group from buy to hold, target price cut from 1500p to 1100p.

Collins Stewart downgrades Admiral Group from buy to hold, target price cut from 1700p to 880p.

Numis downgrades Admiral Group from buy to add, target price 1040p.

Its disgraceful (but nothing new) the number of brokers that have recently been issuing buy notes on this with 19 targets.

numpties each and every one.

{ Rachel Cooper, 19:50, Friday 2 December 2011

As the blue-chips steamed ahead, Admiral was becalmed as analysts forecast stormy waters ahead for the insurer

Last month, Admiral shocked the market with a warning that profits this year could come in at the lower end of expectations due to a jump in injury claims, succumbing to an industry trend that the motor insurer had previously resisted.

Admirals shares have fallen 40pc in the past year and 24pc since the profit warning alone, and analysts at RBC (MCX: RBCI.ME - news) cautioned that they do not expect a recovery following underperformance.

Beginning coverage of Admiral with an underperform rating, the broker argued that competition could intensify, partly due to the proliferation of price comparison websites that allow customers to track down the best deals.

We believe that the price comparison sites should continue to grow in popularity and further dominate the UK car insurance market, said analysts. The benefits to the customer are high, which should increase their popularity as the number of customers using the Internet to purchase insurance increases over time. We view this as negative for the profitability of the industry, as price competition should increase further, leading to declining margins.

But having dipped as low as 872p, Admiral finished just a hapenny lower at 911p while banks and other financials helped lead the blue-chips higher.

Investec note:
"Admiral Group: Going like a freight train. Downhill.

We retain our Sell recommendation and have cut our TP from 843p to 570p.
The profit warning at 9M 2011 has increased the risk in holding this stock, in our view. Our old TP equated to a PER of 10.4x, a premium to the market which we feel is no longer deserved. There is a significant risk of next years earnings being hit by additional reserve strengthening.

The shares have recovered from the lows following the profit warning. However, we feel a market PER of 8x our forecast 2012 earnings is the most that an optimist could justify and this equates to a share price of 800p.

It seems inevitable to us that as the business continues to grow strongly, there will be shocks such as those that occurred with the 9M IMS. Admiral is still significantly more profitable than all its competitors. It is our view that given the commoditised nature of the UK motor insurance market, this will change as the competition narrows the gap.

It is not clear whether the claims shocks described in the 9M IMS will be a one-off. This note illustrates what could happen with a significant reserve increase next year. If an event like this did occur, the 10% dividend growth we currently forecast would be void. In such an event, it seems likely the company would revert to its original pay-out policy of paying 45% of earnings. This would see the 2012 dividend reduce to something in the order of 44p. It could be that earnings will not be hit by a one-off increase in reserving but the company may feel it sensible to retain more earnings and cut the dividend.

Given all these unquantifiable risks, we retain our Sell recommendation."

Admiral Group PLC : Extension of Reinsurance Ar...

HUG

Admiral Group plc
Extension of Reinsurance Arrangements for UK Car Insurance
3 February 2012

Admiral Group ("Admiral") today announces that it is extending its existing UK Car Insurance reinsurance partnerships with Hannover Re, Mapfre Re, New Re and Swiss Re into 2014. The cost of these arrangements to Admiral is unchanged.

The extended arrangements are in addition to the current co-insurance agreement with Munich Re (covering 40% of the UK business), which runs until at least the end of 2016. Admiral has committed to retain at least 25% of the UK underwriting for the duration of this agreement, whilst the allocation of the balance is at Admiral's discretion.

Share of UK Car Insurance underwriting:

.................2012.........2013..........2014
Admiral..... 25.00%......25.00%......25.00%
Munich Re..40.00%......40.00%......40.00%
New Re......13.25%.....13.25%.......13.25%
Hannover Re8.75%......8.75%..........8.75%
Swiss Re.....7.50%......7.50%..........9.00%
Mapfre Re....3.00%......3.00%..........4.00%
XL Re 2.50% 2.50%
Total 100.00% 100.00% 100.00%
Commenting on the developments, Chief Executive Officer, Henry Engelhardt, said: "We are happy to announce these extensions to our underwriting arrangements into 2014. Reinsurance has been at the core of Admiral's successful business model since 2000 and we look forward to continuing our mutually beneficial relationships with our partners for many years to come."

Mind the gap!

In auction +10%

Blue-chip motor insurer Admiral has been navigating choppy waters of late.

The stock market darling which owns comparison site Confused.com , has faced a testing few months as it struggles to convince the analysts it can maintain the remarkable levels of growth it has achieved since being founded by entrepreneur Henry Engelhardt in 1991.

On Friday, the Cardiff-based insurer was one of the market's big winners after extending risk-sharing arrangements with a group of leading reinsurers, including Hannover Re and Swiss Re into 2014.

However yesterday, the company hit the skids, sliding 39½ to 998½p after a series of broker downgrades.

Barclays Capital cut Admiral's target price to 959p from £10.19 as part of a wider sector note, which warned that some European insurers will post large losses when they report full-year results over the next few week.

Andy Hughes, analyst at Exane BNP Paribas, also lowered his target price on Admiral by 13pc to 905p. "Admiral's share price reacted strongly on Friday to the announcement that the reinsurance arrangements had been extended to 2014 on current terms," he said. "This prompted some commentators to say that Admiral's reserving issues were in the past and that the reinsurers had audited the level of reserves. We see a key difference between the reinsurance and the shareholder risk. We do not believe the reinsurance structures will be effective in capital terms under [incoming insurance rules] and therefore the extension is rather irrelevant."

Mr Hughes added that he though Admiral's market share was declining.

Final Results.

Admiral Group plc Results for the Year Ended 31 December 2011
7 March 2012

Admiral Group plc ("Admiral" or "the Group") today announces a strong annual
result with a profit before tax of GBP299 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 GBP2.19 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

* Group profit before tax up 13% at GBP299 million (2010: GBP266 million)
* Record total dividend of 75.6p (2010: 68.1p)
* Return on capital of 59% (2010: 59%)
* Group turnover* up 38% at GBP2.19 billion (2010: GBP1.58 billion)
* Number of customers up 22% to 3.36 million (2010: 2.75 million)
* International car insurance turnover* up 57% to GBP122 million with customers
up 57% to 306,000
* Group full year reserve release GBP10.3 million
* Nearly 5,500 staff will receive free shares worth GBP3,000 in the Employee
Share Scheme based on the 2011 result

* Turnover is defined as total premiums written (including co-insurers' share)
and other revenue

Out of extended auction +92 +8.8%

Extract from Nomura...

Not yet on cruise control, but on the road to recovery

The shares have recovered since the low point at the time of the Q3 profit warning. Although some more data points are required to get more comfort on loss ratio development, we nonetheless believe that 1)management’s conservatism in reserving, 2) action on risk pricing, 3) cautious approach to growth and portfolio composition, and 4) additional initiatives to improve risk selection, means the stock should continue to regain some of its lost premium P/E rating. We retain our Buy.

Target price 1300p

It's possibly the £1 divi attracting the punters?

EDIT : Disregard. Not correct.

You cynic! :-)

Imagine what will happen to the sp once it goes ex-divi! Though profit takers will presumably have moved on before that.

The final dividend is 36.5p (includes the special dividend) and it goes ex-div on 2 May. Some way off a quid per share?

Sorry, totally misread it. I thought it was 36.5p + the 75.6p. It is actually 17.4p + 19.1p special.

Q1 2012 Interim Management Statement

26 April 2012

Admiral Group plc ("Admiral" or "the Group") today releases its Interim Management Statement covering the period 1 January 2012 to 26 April 2012. Unless otherwise stated, figures quoted are for the quarter ended 31 March 2012, with comparatives reflecting the position compared against the same quarter in 2011.

Comment from Henry Engelhardt, Chief Executive Officer

"Admiral has made a good start to the year with performance in the first quarter as we had expected. Our business continues to grow and prosper and our expectations for the full year remain positive and unchanged."

Group Highlights

Group turnover* increased 9% to £586 million (Q1 2011: £539 million)
Group vehicle count increased 17% to 3.4 million (Q1 2011: 2.9 million)
UK car insurance vehicle count increased 13% to 3.0 million (Q1 2011: 2.7 million); as anticipated, this represents an annualised growth rate in the first quarter of the order of 5%
International car insurance vehicle count increased 83% to 350,000 (Q1 2011: 190,000)
No change in claims trends from Q4 2011
UK other revenue per vehicle stable at £84
Financial position remains strong
*Turnover is defined as total premiums written (including co-insurers' share) and Other Revenue

Admiral, the FTSE 100 motor insurer, will report its first-half results on Thursday, when it will hope to convince its doubters that it can maintain the impressive profits it has posted over the past few years. Fears over the company’s future growth have intensified in recent months amid concern that an outright ban on insurers earning so-called referral fees from third parties will hit its profitability.

Pre-tax profits are expected to hit £167.7m, compared with £160.6m last year.

Results for the Six Months Ended 30 June 2012

H1 2012 Highlights

• Group profit before tax up 7% at GBP171.8 million (H1 2011: GBP160.6 million)
• Earnings per share up 9% at 47.3 pence (H1 2011: 43.3 pence)
• Interim dividend up 15% at 45.1 pence per share (2011 interim: 39.1 pence)
• Group turnover* up 6% at GBP1.17 billion (H1 2011: GBP1.10 billion)
• Group vehicle count up 11% to 3.50 million from 3.15 million at 30 June 2011
• 6,500 employees receive GBP1,500 of shares each in the Employee Share Scheme
based on the H1 2012 result

*Turnover is defined as total premium written (including co-insurers' share) and
Other Revenue

Admiral Group is one of the few FTSE 100 companies that is less than 50 years old. It is also one of a small number of listed companies that is headquartered in Wales. I've recently been looking at Admiral ahead of the IPO of its competitor, Direct Line.

Admiral operates a number of insurance brands such as elephant.co.uk, confused.com and, of course, Admiral. The sector has fallen out of favour in recent months -- many market commentators have expressed concerns over the long-term profitability of the car insurance industry. These concerns have pushed down share valuations.

I think the market may be too mean in its appraisal of Admiral. After all, this is a very successful company: Admiral has increased its shareholder dividend every year since 2005, while its sales in 2011 were more than double the number achieved in 2008.

In short, Admiral's management has a better record of operating in this industry than investment analysts have of forecasting its future.

Interim Management Statement

Group highlights

Group vehicle count up 8% to 3.55 million (Q3 2011: 3.28 million)

Year-to-date annualised UK car insurance vehicle growth of 3%

Year-to-date Group turnover* increased 3% to £1,740 million (YTD Q3 2011: £1,686 million); UK car insurance turnover* flat at £1,532 million (YTD Q3 2011: £1,526 million)

Third quarter Group turnover* decreased by 2% to £570 million (Q3 2011: £582 million); UK car insurance turnover* decreased by 5% to £502 million (Q3 2011: £527 million)

UK other revenue per vehicle at £79**

UK claims trends continue to be encouraging

On track to meet our expectations for 2012

Financial position remains strong

Preliminary Results

2012 Preliminary Results Highlights

Group profit before tax up 15% at £345 million (2011: £299 million)

Earnings per share up 16% at 95.1 pence (2011: 81.9 pence)

Final dividend of 45.5 pence per share bringing the 2012 total dividend to 90.6 pence
per share up 20% (2011: 75.6 pence per share)

Return on capital of 60% (2011: 59%)

Group turnover* up 1% at £2.22 billion (2011: £2.19 billion)

Group vehicle count up 6% to 3.55 million (2011: 3.36 million)

International car insurance turnover* up 33% to £163 million with customers up 42% to 436,000 (2011: £122 million and 306,000 customers)

6,500 staff will receive Free Shares worth £3,000 in the Employee Share Scheme; £1,500 worth of shares based on the H1 2012 result, in addition to a further £1,500 worth of shares awarded in accordance with the full-year result.

* Turnover is defined as total premiums written (including co-insurers' share) and other revenue

ADM Going Ex. Div this week paying a VG. 3.88% 'ish which includes an extra divi , Not touching Car insurers at the moment personally.

Stan - FT or IC had a fairly negative view on ADM last week and gave it a sell rating.

Indeed Skinny, hence my last sentence.

3rd Q, Trading Update http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11769263

Ex-divi wed 30th Apr (50.6p)

Interim Management Statement

Group Highlights

Group customers* increased 6% to 3.8 million (Q1 2013: 3.6 million)
Group turnover decreased 7% to £514 million (Q1 2013: £551 million)
UK car insurance vehicle count up 2% at 3.08 million (Q1 2013: 3.02 million)
UK car insurance turnover decreased 11% to £420 million (Q1 2013: £470 million); UK car insurance premiums written decreased 11% to £384 million (Q1 2013: 432 million)
UK Other Revenue per vehicle stable at £67
UK claims developed in line with expectations
International car insurance vehicle count increased 17% to 535,000 (Q1 2013: 458,000)
International car insurance turnover increased 13% to £54 million (Q1 2013: £48 million)

H1 2014 Group Results

H1 2014 Group Results

•Profit before tax, adjusted to exclude minority interests' share, up 2% to £184.9 million (H1 2013: £181.6 million)
•Statutory profit before tax up 1% to £183.3 million (H1 2013: £181.4 million)
•UK Car Insurance profit before tax up 8% to £207.7 million (H1 2013: £192.7 million)
•Increased investment in International Car Insurance and International Price Comparison
•Earnings per share up 5% to 52.7 pence (H1 2013: 50.1 pence)
•Interim dividend up 1% to 49.4 pence per share (2013 interim: 48.9 pence per share)
•Group turnover down 5% to £1,037.1 million (H1 2013: £1,089.1 million)
•Group customers up 9% to 3.94 million (H1 2013: 3.60 million)
•Return on equity 54% (H1 2013: 57%)
•Nearly 7,000 employees eligible to receive £1,500 of shares each via the Employee Share Scheme, based on the H1 2014 result
•Named 3rd Best Large Workplace in the UK and 3rd Best Multinational Workplace in Europe by the Great Place to Work Institute

Ex-divi wed 10th Sept (49.4p)

Admiral Group plc Results for the Year Ended 31 December 2014

Ex-divi 7th May 2105 (49p)

Looks like a start of a nice uptrend -

Looking good - hoping we can close with a strong finish.

Admiral Group plc results for the six months ended 30 June 2015

H1 2015 Group Results

Group profit before tax*1 increased 1% to £186.1 million (H1 2014: £184.9 million)
Earnings per share up 4% to 54.8 pence (H1 2014: 52.7 pence)
Interim dividend up 3% to 51.0 pence per share (2014 interim: 49.4 pence per share)
Return on equity 50% (H1 2014: 54%)
Group turnover up 2% to £1,057.5 million (H1 2014: £1,037.1 million)
Group customers up 6% to 4.19 million (H1 2014: 3.94 million)
UK Car Insurance profit up 6% to £219.2 million (H1 2014: £207.7 million) mainly as a result of higher reserve releases
International Car Insurance loss reduced to £11.2 million (H1 2014: £15.5 million)
Price comparison loss*1 of £4.0 million (H1 2014: profit of £5.9 million) resulting from increased investment in compare.com and lower profit from Confused.com
Over 7,700 employees eligible to participate in the Group's Employee Share Scheme which will award the maxiumum £1,800*2 of shares, based on the H1 2015 result
Named 4th Best Large Workplace in the UK by the Great Place to Work Institute

Barclays Capital today reaffirms its equal weight investment rating on Admiral Group PLC (LON:ADM) and raised its price target to 1755p (from 1608p).

StockMarketWire.com
Admiral Group posts first half pre-tax profits of £193 million - 4% up on last time. Earnings per share rose by 2% to 55.9p and the interim dividend is up 23% at 62.9p per share.

The group said the first half of 2016 had been a positive period with strong growth in turnover and customer numbers, both to record levels.

Pre-tax profit also increased to a new record for a first half at £193m.

The group's main UK car insurance business enjoyed favourable market conditions and delivered particularly positive results, seeing a 16% increase in turnover, a 217,000 increase in customer numbers and a record H1 result of £222.8 million. UK household insurance also recorded continued strong growth (reaching 382,000 customers), improved key metrics (including expense ratio) and another profitable half year.

Outside the UK, Admiral's international insurance businesses grew turnover (44%) and customer numbers (13%) strongly and at faster rates than in recent periods. Encouraging progress was made in combined ratio terms, and although in aggregate the segment recorded losses of £12.9 million (up from £11.2 million) mainly as a result of the growth in the US and France, ConTe recorded another profitable six month period.

And in price comparison results were also encouraging: Confused.com in the UK grew revenue and saw a significant increase in profit to £8.3 million from £4.8 million; the Group's European operations retained leadership positions in their respective markets; and continued encouraging progress in developing the panel of insurers and key metrics was made in the US at compare.com.

Chief executive David Stevens said: "What a great time to take on the stewardship of Admiral. The last six months have shown the enduring, and indeed increasing, strength of the UK business and has seen a step change upwards in growth from our developing international businesses.

"In the core UK car insurance business, we've benefited from an increasingly rational motor market with evidence of a move towards a less violent cycle. Prices have been rising, and we've used this opportunity to grow our motor book strongly. Meanwhile, the growth of our household book continued apace, demonstrating our ability to expand successfully beyond our car insurance core in the UK.

"Overseas, Elephant launched into two new states and our longer-established European insurance operations, collectively, moved tantalisingly close to profitability, while also accelerating the rate of growth and investing more in promoting our brands. All our price comparison businesses, including Confused, grew rapidly."

For some reason I had these down for tomorrow! - Admiral Group plc results for the six months ended 30 June 2017

Peel Hunt Hold 2,063.00 1,751.00 1,751.00 Reiterates

Admiral Group has entered into an agreement with its former group CEO Henry Engelhardt and his wife Diane Engelhardt, whereby Diane was investing $25m into its US comparison service Compare.com. The FTSE 100 insurance firm said that as a result of the proposed transaction, Diane Engelhardt would hold 17% of the share capital of Compare, with Admiral owning 59% and White Mountains and Mapfre USA the remaining 24%. Henry Engelhardt would join the board of Compare.