Admiral Group PLC
22 November 2005
Admiral Group plc Statement
22 November 2005
Presentation to Investors
Admiral Group plc ('Admiral'), a leading provider of financial service products
and motor insurance to the UK market, is today holding a presentation for
investors at its offices in Cardiff. The site visit will include a tour of the
call centre departments and management presentations on Claims, Pricing and
Marketing.
The purpose of the visit is to provide an insight into the operations of the
business and its various departments and how they support the company's growth
strategy.
For further information, please contact:
Admiral 029 2043 4394
Louisa Scadden
Financial Dynamics 020 7269 7200
Robert Bailhache
Dominick Peasley
www.admiralgroup.co.uk
About Admiral
Admiral is a fast growing financial services intermediary with a track record of
profitability. Admiral principally sells private motor insurance and ancillary
products, such as cover for breakdown, roadside assistance and legal expenses.
Admiral markets directly to the public in the UK through its four core brands:
Admiral, elephant.co.uk, Diamond, and Bell.
The Group also offers customers online quotes through its brand Confused.com,
the UK's first insurance aggregator. Unlike other brands, Confused.com does not
sell insurance. Visitors to Confused.com's website fill out their details once
online and Confused.com finds the cheapest quotes available on the internet from
its large panel of insurers.
Admiral's motor insurance is underwritten primarily by third party insurance
providers, with Admiral controlling all pricing and underwriting decisions and
administration. Admiral also retains a proportion (presently 25%, net of quota
share reinsurance) of the private motor underwriting for its own account.
Admiral was admitted to the Official List of the London Stock Exchange on 28
September 2004 following a Global Offer of Ordinary Shares to institutional
investors that was more than seven times subscribed. On 20 December 2004 the
Company became a constituent of the FTSE 250 index. The Ordinary Shares trade
under the ticker symbol ADM.L.
This information is provided by RNS
The company news service from the London Stock Exchange