Business
1st Quarter Results
1st Quarter Results.
About this update from Admiral Group Plc
[{"type":"text","content":"\n \n\n\n\n\nAdmiral Group plc\n6 May 2011\nInterim Management Statement\n\nAdmiral Group plc ('Admiral' or 'the Group') today releases its Interim\nManagement Statement covering the period 1 January to 6 May 2011. Unless\notherwise stated, figures quoted are for the quarter ended 31 March 2011, with\ncomparatives reflecting the position compared against the same quarter in 2010.\n\nComment from Henry Engelhardt, Chief Executive Officer\n\n\"I'm pleased to report that our business has continued to grow and prosper in\nthe first quarter of the year.\n\n\"Admiral's UK car insurance business had another great quarter and has continued\nto benefit from positive market conditions. We grew rapidly and were also able\nto raise premiums. We continue to remain focussed on maintaining the quality of\nour business.\"\n\nHighlights\n\n·        Group turnover* Q1 2011 increased by 56% to £539 million\n\n·        Group vehicle count increased 33% to 2.9 million\n\n·        Confused.com turnover is flat and margins remain under pressure\n\n·        Our financial position remains strong\n\n·        Performance to date puts us on track to at least meet analysts'\nconsensus profit estimates for 2011\n\n*Turnover is defined as total premiums written (including co-insurers' shares)\nand other revenue\n\nDividend\n\nAdmiral confirms that its 2010 final normal dividend of 17.3p per share and\nfinal special dividend of 18.2p per share (total 35.5p per share) will be paid\non 10(th) June 2011. The ex-dividend date is 18(th) May 2011 and the record\ndate is 20(th) May 2011.\n\nThis brings the total dividend for 2010 to 68.1p per share being 32.4p normal\ndividend and 35.7p special dividend.\n\nFurther information\nFor further information please contact:\n\nFinancial Dynamics\nNick Henderson                 02072 697 114\n\nAdmiral Group plc\nLouise O'Shea                 Â&...