Insurance Post

Admiral grows customer base but turnover droops

Henry Engelhardt

Admiral has reported an expanded number of total group customers at the end of Q1, but noted that group turnover has fallen by 7% to £514m (2013 Q1: £551m)

UK car insurance turnover followed the group result, decreasing 11% to £420m, down from £470m, with UK motor premiums down 11% to £384m, from £432m in 2013.

By contrast total customer numbers were up

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