Business
Statement re Investor Visit
Statement re Investor Visit.
About this update from Admiral Group Plc
[{"type":"text","content":"\n Admiral Group PLC\n22 November 2005\n\n\n Admiral Group plc Statement\n\n22 November 2005\n\n Presentation to Investors\n\n\nAdmiral Group plc ('Admiral'), a leading provider of financial service products\nand motor insurance to the UK market, is today holding a presentation for\ninvestors at its offices in Cardiff. The site visit will include a tour of the\ncall centre departments and management presentations on Claims, Pricing and\nMarketing.\n\nThe purpose of the visit is to provide an insight into the operations of the\nbusiness and its various departments and how they support the company's growth\nstrategy.\n\nFor further information, please contact:\n\nAdmiral 029 2043 4394\nLouisa Scadden\n\nFinancial Dynamics 020 7269 7200\nRobert Bailhache\nDominick Peasley\n\nwww.admiralgroup.co.uk\n\nAbout Admiral\n\nAdmiral is a fast growing financial services intermediary with a track record of\nprofitability. Admiral principally sells private motor insurance and ancillary\nproducts, such as cover for breakdown, roadside assistance and legal expenses.\nAdmiral markets directly to the public in the UK through its four core brands:\nAdmiral, elephant.co.uk, Diamond, and Bell.\n\nThe Group also offers customers online quotes through its brand Confused.com,\nthe UK's first insurance aggregator. Unlike other brands, Confused.com does not\nsell insurance. Visitors to Confused.com's website fill out their details once\nonline and Confused.com finds the cheapest quotes available on the internet from\nits large panel of insurers.\n\nAdmiral's motor insurance is underwritten primarily by third party insurance\nproviders, with Admiral controlling all pricing and underwriting decisions and\nadministration. Admiral also retains a proportion (presently 25%, net of quota\nshare reinsurance) of the private motor underwriting for its own account.\n\nAdmiral was admitted to the Official List of the London Stock Exchange on 28\nSeptember 2004 following a Global Offer of Ordinary Shares to institutional\ninvestors that was more than seven times subscribed. On 20 December 2004 the\nCompany became a constituent of the FTSE 250 index. The Ordinary Shares trade\nunder the ticker symbol ADM.L.\n\n\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":2568,"tagName":"div"}]