Admiral Group IMS November 2011

DividendMax Ltd.

Admiral Group IMS November 2011

"Group turnover increased by 30% to £582m (Q3 2010: £446 million). Group vehicle count increased 27% to 3.3 million (Q3 2010: 2.6 million). International car insurance turnover up 45% to £27.0 million (Q3 2010: £18.6 million). International car insurance vehicle count up 53% to 267,000 (Q3 2010: 175,000)"

"If there is no reversal in Q4 of this higher than normal level of large claims, we anticipate that full year pre-tax profits will be towards the lower end of the range of analysts' estimates, or some 10% ahead of 2010, with no further reserve releases in the second half."

Companies mentioned