Company website is www.admiralgroup.co.uk

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