Half Year Results 

Admiral adopts a cautious stance

Admiral adopts a cautious stance

Before recovering slightly, shares in Admiral (ADM) were down nearly 8 per cent on the day these numbers were issued. The motor insurance provider adopted a more cautious stance in the wake of revised compensation calculations, and this led to lower reserve releases than previously expected. The company also warned that lower releases and profit commission are likely to stay in place for the next two to four years.

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