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ADMIRAL GROUP (ADM) Shares

ABOUT ADMIRAL GROUP

๐Ÿ“Š Admiral Group plc, a car insurance company, was founded in 1991 and has its headquarters in Cardiff, Wales in the United Kingdom. The company is engaged in the provision of vehicle insurance to a global clientele.

๐Ÿ“Š The company was established when Hayter Brockbank, a managing agent at Lloydโ€™s in London, tasked Henry Engelhardt with heading up and formulating the business plan of a new operation.

๐Ÿ“Š Engelhardt led the acquisition of the Admiral Group from the Brockbank Group. This buy-out was backed by Barclays Private Equity.

๐Ÿ“Š Today, Admiral Group plc is a highly profitable and fast-growing financial services intermediary.

๐Ÿ“Š It employs approximately 11 000 people at its offices in the UK, France, Italy, Spain, the US, India, Turkey and Mexico.

OVERVIEW OF ADMIRAL GROUP

  • Admiral Group plc conducts its operations through four primary segments: UK Car Insurance, International Car Insurance, Price Comparison, and Other.
  • UK Car Insurance comprises the underwriting of car insurance and other products that supplement car-insurance policies in the UK.
  • The International Car Insurance segment underwrites car insurance and generates revenue from additional products outside of the UK.
  • Price Comparison comprises price comparison websites such as Confused.com in the UK, Rastreator in Spain, LeLynx in France and compare.com in the United States.
  • Other focuses on household insurance in the UK. It also includes the companyโ€™s commercial van insurance broker and commercial van insurance.
  • The company also operates in Canada, India and Italy, amongst others.

VISION & VALUES OF ADMIRAL GROUP

  • Admiral Groupโ€™s culture is based on four core values: communication, equality, reward and recognition.
  • It strives to create a working environment in which creativity and fun reign supreme, as a happy workforce stimulates growth and ensures exceptional customer service.
  • The companyโ€™s operations are transparent and it encourages open communication between all stakeholders.
  • This business ethos gives shareholders who purchase company shares the assurance that their investments are in safe hands.

MARKET PERFORMANCE OF ADMIRAL GROUP

  • Admiral Group plc trades on the on the Financial Times Stock Exchange (FTSE) under the stock symbol ADM. The company is a FTSE 100 component.
  • For fiscal 2018, the group recorded total revenue of ยฃ 1.261.6 million, operating income of ยฃ 487.5 million and net income of ยฃ 390.5 million.
  • These financials bode well for shareholders who buy or sell company shares as they can expect solid dividends and returns on their investment.
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