Admiral Group reported a 69% rise in profit before tax from continuing operations for the first half of 2025, reaching £521 million compared with £307.6 million in the same period last year.
Earnings per share increased 72% to 132.5p. The board declared an interim dividend of 115.0p per share, up from 71.0p in 2024. Return on equity was 57%, an increase of 12 percentage points from last year’s 45%.
Group turnover remained steady at £3.10 billion, while insurance revenue rose 18% to £2.47 billion. The total customer base grew 10% year-on-year to 11.42 million, with UK insurance customers up 13% to 9.30 million. European insurance customers declined 3% to 1.91 million. Gross loan balances in Admiral Money increased 25% to £1.28 billion. The group’s post-dividend solvency ratio stood at 194%, down from 198% a year earlier.
The first quarter of 2025 marked Admiral’s highest-ever quarterly profit, with net income of £604 million, up from £576 million a year earlier and well above the market consensus of £467 million. Primary insurance accounted for 60% of that total, with the remainder coming from other business segments.
Meanwhile, the group entered 2025 following a record full-year performance in 2024, when profit before tax rose 90% to £839.2 million. That result exceeded analyst expectations by about 13% and was attributed to strong UK motor underwriting, competitive pricing, and solid growth in complementary lines.
The group said more than 13,000 employees will receive free share awards worth up to £1,800 each under its employee share schemes based on the interim results for the first half.
In the UK, the company reported that car insurance prices have been falling for the past 18 months in response to softer inflation. The UK Motor business increased profit by 56%, while UK Household and Admiral Money businesses more than doubled their respective profits.
In Europe, growth in France and Italy brought operations closer to profitability.
Chief executive Milena Mondini de Focatiis (pictured above) said the group had achieved growth of an additional one million customers compared to the same period in 2024.
She highlighted ongoing investment in data and technology to improve efficiency, enhance customer experience and support resilience against extreme weather events.
“I’m very excited to see our businesses go from strength to strength. I’m confident in our fundamentals and adaptability which mean that we are well-placed for further success, delivering even more value for our shareholders and our growing customer base,” she said.
Admiral is one of the largest company car insurance providers in the UK. Learn the type of coverage they offer.
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