Business
Admiral Group plc announces a record Group prof...
Admiral Group plc announces a record Group prof....
About this update from Admiral Group Plc
[{"type":"text","content":"\n \n \n Admiral Group plc announces a record Group profit before tax of £526.1 million for the year ended 31 December 2019\n \n \n \n \n 5 March 2020\n \n \n Admiral Group plc announces a record Group profit before tax of £526.1 million for the year ended 31 December 2019\n \n \n 2019 Results Highlights\n \n \n \n \n \n 2019\n \n \n 2018\n \n \n % change\n \n \n \n \n \n \n \n \n \n Group’s share of profit before tax*1\n £526.1 million\n £479.3 million\n +10%\n \n \n Group statutory profit before tax\n £522.6 million\n £476.2 million\n +10%\n \n \n \n \n \n \n \n \n Earnings per share\n 148.3 pence\n 137.1 pence\n +8%\n \n \n \n \n \n \n \n \n Full year dividend\n 140.0 pence\n 126.0 pence\n +11%\n \n \n \n \n \n \n \n \n Return on equity*1\n 52%\n 56%\n -7%\n \n \n \n \n \n \n \n \n Group turnover*1\n £3.46 billion\n £3.28 billion\n +5%\n \n \n Group net revenue\n £1.35 billion\n £1.26 billion\n +7%\n \n \n Group customers*1\n 6.98 million\n 6.51 million\n +7%\n \n \n UK insurance customers*1\n 5.48 million\n 5.24 million\n +4%\n \n \n International car insurance customers*1\n 1.42 million\n 1.22 million\n +16%\n \n \n \n \n \n \n \n \n Group’s share of price comparison profit*1\n £18.0 million\n £8.8 million\n +105%\n \n \n Statutory price comparison profit\n £14.7 million\n £6.6 million\n +123%\n \n \n \n \n \n \n \n \n Solvency ratio (post dividend)*2\n 190%\n 194%\n -2%\n \n \n \n \n \n \n *1\n Alternative Performance Measures - refer to the end of the report for definition and explanation\n \n \n \n *2\n \n Unaudited. Refer to capital structure and financial position section later in the report for further information\n \n Around 10,000 staff each receive free shares worth up to £3,600 under the employee share scheme based on the full year 2019 results. All staff will also receive a one-off £500 bonus to reflect the Group’s strong performance in 2019.\n \n Comment from David Stevens, Group Chief Executive Officer:\n “Admiral tends, year after year, to exhibit a ...