Business
Admiral Group plc reports resilient 2022 full y...
Admiral Group plc reports resilient 2022 full y....
About this update from Admiral Group Plc
[{"type":"text","content":"\n \n \n Admiral Group plc reports resilient 2022 full year results against a backdrop of high inflation\n \n \n \n \n \n \n \n \n 8 \n March 2023\n \n \n Admiral Group plc \n reports \n resilient 2022\n full year results \n against a backdrop of high \n inflation\n \n \n 2022 Results Highlights\n \n \n \n \n \n 2022\n \n \n 2021\n \n \n 2019\n \n \n \n % \n \n \n change\n \n \n vs. 2021\n \n \n \n \n % \n \n \n change\n \n \n vs. 2019\n \n \n \n \n \n \n \n \n \n \n \n \n Group Profit before tax123\n £469.0m\n £769.0m\n £505.1m\n \n -39%\n \n \n -7%\n \n \n \n Earnings per share123\n 124.3p\n 212.2p\n 143.7p\n \n -41%\n \n \n -14%\n \n \n \n \n \n \n \n \n \n \n \n Full year dividend per share\n 112.0p\n 187.0p\n 140.0p\n \n -4\n 0\n %\n \n \n -2\n 0\n %\n \n \n \n Special dividends per share from sale of Penguin Portals comparison businesses\n 45.0p\n 92.0p\n -\n \n -\n \n \n -\n \n \n \n \n \n \n \n \n \n \n \n Return on equity123\n 35%\n 56%\n 52%\n \n -21pts\n \n \n -17pts\n \n \n \n \n \n \n \n \n \n \n \n Group turnover13\n £3.68bn\n £3.51bn\n £3.30bn\n \n +5%\n \n \n +12%\n \n \n \n Group net revenue1\n £1.49bn\n £1.55bn\n £1.21bn\n \n -4%\n \n \n +23%\n \n \n \n Group customers3\n 9.28m\n 8.36m\n 6.98m\n \n +\n 11%\n \n \n +33%\n \n \n \n UK insurance customers3\n 6.96m\n 6.44m\n 5.48m\n \n +\n 8%\n \n \n +27%\n \n \n \n International motor insurance customers3\n 2.04m\n 1.81m\n 1.42m\n \n +\n 13\n %\n \n \n +44%\n \n \n \n Admiral Money gross loans balances\n £0.89bn\n £0.61bn\n £0.48bn\n \n +\n 46%\n \n \n +85%\n \n \n \n \n \n \n \n \n \n \n \n Solvency ratio (post dividend)3\n 180%\n 195%\n 190%\n \n -15pts\n \n \n -10pts\n \n \n \n Around 10,000 employees each receive free shares awards worth up to £3,600 under the employee share scheme based on the full year 2022 results.\n \n Comment from Milena Mondini de \n Focatiis\n , Group Chief Executive Officer:\n \n “I am proud of the agility and adaptability that Admiral demonstrated in 2022 as it increased its customer base by 11% and delivered profits of £469 million against the backdrop of a challenging market environment.\n “We have yet again shown focus and discipline, reacting quick...