Admiral reports 9% fall in UK turnover
Admiral chief executive Henry Engelhardt has said that now "is not the right time to grow" its market share in the UK after turnover fell 9% to £470m (Q1 2012: £518m) in the first quarter of this year.
Group turnover decreased 6% to £551m (Q1 2012: £586m) while international car insurance turnover increased 20% to £48m (Q1 2012: £40m).
UK car insurance vehicle count was stable at 3 million (Q1 2012
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: https://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Personal
Markerstudy’s Beal outlines two paths for ChatGPT in insurance
Andrew Beal, director of architecture and innovation at Markerstudy, predicts two ways in which ChatGPT could transform insurance distribution, and urges the industry to be prepared for both.
Rising labour costs leaving buildings underinsured
Shortages in skilled trades are forcing rebuild values up, potentially leaving buildings underinsured, according to RebuildCostAssessment.com.
Is it third time lucky for Axa as it merges divisions again?
Content Director’s View: With Axa UK and Ireland combining its personal and commercial businesses into one, Jonathan Swift reflects on why insurers often oscillate between splitting and merging these divisions, and what led the insurer to believe this latest move will pay off now despite similar attempts in 2005 and 2016.
Agria in consultation with redundancies at risk
Agria Pet Insurance has confirmed to Insurance Post that it is currently in consultation around a restructure, with redundancies already affected.
Zego targets £1bn in premium as it achieves profitability
As Zego announces a new round of funding, plus a partnership with Sompo, the insurtech's CEO Sten Saar has told Insurance Post the unicorn has achieved profitability for 2025.
Saga and Ageas to launch home insurance this month
Following the launch of a motor insurance product in December, Saga and Ageas are launching a home insurance product by the end of this month.
Why single household view is the next milestone for insurers
Chris Traill, client director of Percayso Inform, urges insurers to replace their pursuit of a single customer view with chasing a single household view to ensure accurate pricing and improve claims management.
Covéa turnaround continues as profit more than doubles
Covéa Insurance has more than doubled its profits, reporting £72.4m for 2025, up from £32.9m the previous year, as its turnaround continues.