1. Admiral Group Plc saw 32% profit rise to £309.8M, 43% revenue growth to £3.21B, and increased customer base by 12% in six months.
Admiral Group Plc, a London-listed insurance firm, saw profits rise 32% to £309.8M for the six months ending June, as revenue grew 43% to £3.21B. The insurance company attributed the surge to a 12% increase in customers, now totaling over 10.5M. Admiral has expanded its UK motor insurance coverage to 5.5M vehicles and gained nearly half a million more customers in other product lines. The company aims to focus on a new corporate working model called "scaled agile" and enhance AI capabilities.
August 15, 2024
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