Square Mile and Me: Admiral CFO Geraint Jones on heading up the FTSE 100’s only Welsh company square mile and me Geraint Jones, chief financial officer at Admiral Group, takes a trip down memory lane to tell us about his career, from exercise tech to insurance.
Ageas’s interest Direct Line shows just how far the UK’s insurers have come since Covid Insurance And it is hard to overstate how difficult personal line insurers—by which we mean insurers whose customers are people, as opposed to businesses—like Direct Line, Admiral and Aviva have found business in the post-pandemic era.
Admiral posts 23 per cent jump in profit on price hikes but lowers dividend Insurance Insurer Admiral has posted a surge in profits as it reaped the benefits of price hikes, offsetting the impact of higher claims inflation.
Shares in Admiral and Direct Line sink after FCA regulator takes aim at premium finance January 10, 2024 In an interview with Insurance Post, Matt Brewis, head of insurance at the Financial Conduct Authority (FCA), described premium finance as a "poor product".
FTSE 100 live: London flat after inflation fall as Admiral and Aviva lead gains August 16, 2023 The FTSE 100 started Tuesday flat with investors still worried about a further rate hike by the Bank of England despite a drop in inflation. The capital’s premier blue-chip index opened low, fluctuating between 0 and 0.01 per cent in the first hour of trading, sitting at 7,388.08 by 09.45. Headline inflation dropped to 6.8 [...]
Admiral: Insurance giant hikes prices by 20 per cent to stave off inflation hit August 16, 2023 Insurance group Admiral ramped up its prices by 20 per cent in the first half of the year to stave off the worst impact of rampant inflation on its profits margins. In its half year results today, the London-listed motor insurance specialist posted a four per cent bump in profits in the six months to [...]
FTSE 100 close: Tumbling pound boosts London index as Ocado slides June 28, 2023 London’s FTSE 100 sprang higher today, aided by the pound clocking a dreadful day. The capital’s premier index jumped 0.52 per cent to 7,500.50 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, leapt 1.98 per cent to 18,412.81 points. Early advances in the City [...]
Insurance industry bosses push back at perceptions of ‘profiteering’ June 7, 2023 Insurance industry representatives have pushed back at perceptions that firms are “profiteering” during the cost of living crisis. Bosses appeared before MPs sitting on the Treasury Committee to answer questions about rising premiums. Labour MP Dame Angela Eagle put it to the insurance industry representatives: “There’s a perception out there that insurers are profiteering with [...]
Admiral cuts dividend as profits are pulled down nearly 40 per cent amid ‘challenging’ market conditions March 8, 2023 Insurance firm Admiral has slashed its dividend after announcing a 39 per cent fall in its full year profits. Shares in the Cardiff insurer plummeted on the news, before recovering slightly in today’s morning session, as Admiral said its 2022 dividend would be 40 per cent lower than in 2021 and 20 lower than in [...]
Admiral posts strong half-year results as pre-tax profit jumps 76 per cent August 11, 2021 Admiral has posted strong half-year results for the period up to the 30 June 2021 as their decision to adjust pricing on pandemic-related claims looks to have paid off. The insurance company saw its pre-tax profit jump by 76 per cent, from £274.4m this time last year to £482.2m for the six months to 30 [...]