Admiral records marginal rate rises as profits jump 24%
Admiral this morning reported a 24% jump in profit before tax to 68.7m pounds for the first half of 2006, with turnover up 12% to 359.2m pounds. Its combined operating ratio worsened slightly to 87.0% (2005 86.5%).
The motor insurer said that active customers increased 10% to 1.161m, and added that "although a number of insurers have announced price increases in 2006, independent price tracking surveys suggest
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