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Birmingham Post
Birmingham Post
Business
Sion Barry

Car insurance to loans group Admiral post strong financials for 2021

Car insurance to loans group Admiral had posted a rise in profits and revenues buoyed by a strong performance in the UK vehicle insurance marketplace.

The FTSE 100 firm, headquartered in Cardiff and which employs more than 7,500 across South Wales, has post pre-tax profits for 2021 of £769m, up 26% on 2020. Revenues were up 4% to £3.51bn.

Trading was boosted by a strong performance in the UK car insurance marketplace where during the year it added a further 500,000 customers.

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