Admiral reports 24% increase in profit
Admiral Group today announces a record annual result with a profit before tax of £182.1m for the year to December 2007, an increase of 24% over the previous year. Turnover, comprising total premiums written, gross other income and investment income, rose 16% to £824.9m.
Revenue from products and services not underwritten by the group jumped 34% at £176.9m and the year-end vehicle count was up 16% to 1.5 million at 31 December 2007 Confused.com gave 13 million quotes
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