Full Year Results 

Admiral motoring admirably

Admiral motoring admirably

Admiral (ADM) bounced back to deliver record profits in 2017, having seen profits dented in the previous year due to changes in the Ogden rate used to calculate compensation payments. Much of the improvement was generated by a strong performance in UK vehicle insurance, where the number insured grew by 8 per cent to 3.96m. Profitability was again helped by significant prior year reserve releases, but the company is taking a prudent approach ahead of a review into the Ogden rate, and reserves reflect the current rate of discount.

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