Skip navigation

Gloucestershire Business News

Admiral insurance drives up profits

Insurer Admiral has seen a 76% rise in its first half year profits.

The company made a profit of £482m in the first six months of 2021 and increased its customers by 850,000, taking its total overall to more than 8 million.

Financial analyst Danni Hewson, of AJ Bell, told The Mail the firm was looking like the 'Rolls Royce of motor insurers'.

She said: "Compared with its peers the growth in profit and customer numbers the company is chalking up is highly impressive."

The insurance industry as a whole has benefited from a period with fewer cars on the road, leading to fewer accidents and, in turn, fewer claims, but Admiral seems to have come out of the crisis better than its rivals.

Hewson said: "Admiral has won over customers by offering flexibility, boosting its digital capability and paying out customer rebates in a timely fashion, helping to put it ahead of the pack in a highly competitive market."

Shareholders are to get a special dividend later in the year.

Related Articles

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Friday, September 24 Image

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Friday, September 24

The ongoing coronavirus situation is constantly changing with announcements being made about businesses and services.

Gloucester Brewery launches new warehouse venue Image

Gloucester Brewery launches new warehouse venue

The atmosphere was buzzing as Gloucester Brewery held a spectacular launch party for its new concept bar - Warehouse 4.

Is our GFirst LEP at risk? Image

Is our GFirst LEP at risk?

The strength of the voice of business in Gloucestershire is something which we should be proud of in this county.

Shortage of bin lorries as drivers get better offers Image

Shortage of bin lorries as drivers get better offers

Waste collections in Gloucester are being hit by a shortage of lorry drivers as council employees seek more lucrative employment elsewhere.

Copyright 2021 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.