Admiral reports turnover rise despite higher premiums

first_img whatsapp whatsapp Show Comments ▼ Admiral reports turnover rise despite higher premiums ADMIRAL Group announced third quarter turnover jumped 50 per cent year-on-year to £446m yesterday as it added more customers despite increasing insurance premiums.The group, which includes Diamond and Elephant.com, said a significant amount of this came from overseas insurance contributions, which rose 87 per cent compared to the same period last year to £19.3mGroup vehicle turnover rose 28 per cent in the three months to 30 September to 2.6m, despite a rise in premium rates. The insurer also said there was no change in claims trends from the first half of the year. Admiral said it was also still on target to meet analysts profit estimates for the year.But Admiral said at Confused.com, the insurer’s price comparison website, turnover was also steady, although margins remained under pressure. Confused.com, has lost its market-leading position to Comparethemarket.com due to its successful meerkat-led TV ads.Henry Engelhardt, chief executive of Admiral said: “The UK business remains the driving force of the group’s success and we continue to develop our international businesses.” Wednesday 3 November 2010 9:44 pmcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Share KCS-content More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Tags: NULLlast_img

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