Admiral Group PLC
10 December 2007
The Board of Admiral Group plc ('Admiral') announces that it plans to increase
its UK motor premium retention for the 2008 underwriting year to 27.5% from the
current 22.5%. This reflects the structure of the group's existing coinsurance
contracts under which the percentage of premiums ceded to co-insurers reduces by
5% for 2008. Having considered alternative options, the Board has decided to
retain the additional 5% risk within the Group. The terms of the co-insurance
contract and the other reinsurance arrangements announced last year remain
unchanged.
The Group announces its results for the year ending 31 December 2007 on Tuesday
4 March 2008.
This information is provided by RNS
The company news service from the London Stock Exchange