Admiral Group plc (ADM) Q2 2024 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.217 To Admiral 2024, half-year results. 00:00:05.481 -- 00:00:10.170 It's another year of strong results combined with sustained growth, increased margins 00:00:10.170 -- 00:00:14.138 and continuous progress against our strategic objectives. 00:00:14.138 -- 00:00:19.187 I start with the key highlights, followed by Geraint, Cristina and Constantino, who 00:00:19.187 -- 00:00:22.593 will tell us more about the key financials. 00:00:22.593 -- 00:00:26.440 UK insurance and international business respectively. 00:00:26.440 -- 00:00:29.987 Scott, Admiral Money's CEO, is also in the audience if you want to grab him after the 00:00:29.987 -- 00:00:35.297 presentation and ask a question on our lending business that had another very strong 00:00:35.297 -- 00:00:37.297 semester. 00:00:37.662 -- 00:00:42.747 So last year we celebrated our 30 years anniversary. 00:00:42.747 -- 00:00:48.011 So soon we'll be celebrating our 20 years anniversary on London Stock Exchange. 00:00:48.011 -- 00:00:53.136 It has been a story of profitable growth with 10 times the number of customers 00:00:53.136 -- 00:00:59.121 and 5.6 billion of dividends shared with our shareholders since floating. 00:00:59.121 -- 00:01:04.086 And this is a story underpinned by a mix of technical competence, agility, but most of 00:01:04.086 -- 00:01:06.787 all, a unique culture. 00:01:07.042 -- 00:01:12.249 Six months ago, we anticipated to be in a good position to capture more market share 00:01:12.249 -- 00:01:18.097 and margins. Today, we report 43% growth in turnover and 32% 00:01:18.097 -- 00:01:23.165 in pre-tax profits. Customer number increased 12% year on year 00:01:23.165 -- 00:01:27.871 to an eight digit figures of 10.5 million. 00:01:27.871 -- 00:01:32.918 UK motor insurance ...