Admiral posts record H1 profit as motor performance improves
By Ryan Hewlett
Aug 14 - (The Insurer) - Admiral’s share price jumped more than 7% on Thursday morning after the insurer reported a 69% increase in pre-tax profit from continuing operations to 521 million pounds ($707 million) for the first half of 2025, beating analyst expectations.
The increase in pre-tax profit from continuing operations, which excludes the planned sale of its U.S. motor operations, was driven by a strong performance in UK insurance, particularly its UK motor portfolio, as the 2024 underwriting year earns through.
On a consolidated basis, group pre-tax profit rose 67% to 516.1 million pounds.
UK motor insurance profit increased by 56% to 559 million pounds, with higher insurance revenue and an improved insurance service margin.
The London-listed insurer reported a pre-tax profit of 25.2 million pounds in UK household insurance, up from 11.3 million pounds in the same period last year, with growth in both customers and turnover.
Admiral’s European insurance business posted a loss of 0.6 million pounds, an improvement on the loss of 1.3 million pounds reported in the first six months of 2024.
Group turnover was flat year on year, as 29% growth in household insurance was offset by a 6% reduction in UK motor turnover as average premiums reduced.
Policyholder numbers increased by 10% to 11.4 million. Admiral noted that it had seen “good growth” in UK insurance, with increases of 5% and 19% in motor and household, respectively. In contrast, the insurer reported a 3% reduction in Europe due to portfolio actions in Italy.
Earnings per share for continuing operations totalled 132.5 pence, up from 76.9 pence in H1 2024.
Admiral also flagged its previously announced agreement to sell its U.S. motor insurance business, including Elephant Insurance Company and Elephant Insurance Services, to global private investment firm JC Flowers.
Admiral said the deal, announced in April, is expected to close in fourth quarter of 2025.
Shares in Admiral were trading at 3.617,21 pence per share shortly before 9:00 a.m. BST, up 7.4% from Wednesday’s close.
Related Articles
Has the Bitcoin Halving Cycle Broken Down? Can the Crypto Bull Market Really Be Extended?
TradingKey – On August 24, David Bailey, crypto advisor to President Trump, declared that “there will be no more Bitcoin (BTC) bear markets in the coming yBitcoin undergoes a “halving” every 210,000 blocks (roughly every four years), reducing the mining reward by 50%. So far, there have been four ha
NVIDIA Q2 FY2026: Surfing the AI Surge with Blackwell, Steering Through China’s Export Challenges
TradingKey - NVIDIA Corporation (NASDAQ: NVDA) reported strong Q2 FY2026 results on August 27, 2025, after market close, driven by robust AI-powered demand and adoption of its next-generation Blackwell GPU platform. The company delivered significant revenue and profit beats overall, with...
Nvidia Q2 Earnings Expectations: With Little Room for Error, Will China-Related Risks Be Magnified?
TradingKey - Ahead of Nvidia Q2 FY2026 earnings report, multiple Wall Street firms have raised their price targets on Nvidia, reflecting strong confidence in AI demand. While analysts continue to forecast robust ~50% year-over-year growth in revenue and EPS, the China variable remains a major risk
Eurozone Q2 GDP Commentary: Will the Euro's Upward Momentum Persist?
TradingKey - On 14 August 2025, Eurostat published Q2 GDP figures, revealing a drop in the Eurozone's quarter-on-quarter growth from 0.6% in the first quarter to 0.1%. Consequently, annual growth eased from 1.5% to 1.4%. The slowdown primarily stems from the diminishing boost from European...
Bitcoin Price Forecast: Trends and Investment Outlook from 2025 to 2030
From $0.01 in 2009 to $120,000+ in 2025, Bitcoin has evolved from obscurity to a globally recognized financial asset. While institutions and governments increasingly embrace it, investors must remain vigilant against volatility, security risks, and scams.