Insurance Post

Admiral battens down the hatches

Henry Engelhardt-Admiral

Admiral has been the darling of the stock market for a number of years but, despite record pre-tax profits, its share price took a tumble last week. Chinwe Akomah finds out why.

Last week, despite posting a record half-year pre-tax profit of £160.6m and a combined operating ratio of 94.2%, former stock market darling Admiral Group saw its share price take a nosedive.

In its

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