Admiral's profit falls 25% as CEO blames 'eccentric' Ogden decision
Cardiff-headquartered personal lines insurer Admiral saw pre-tax profit fall 25% last year after the shock decision by the UK government to reduce the personal injury discount rate to minus 0.75%.
Although full year 2016 group revenue climbed 22% to £2.58bn (2015: £2.12bn) and Admiral's customer base was up 16% to 5.15 million, pre-tax profit fell to £284.3m in 2016 compared with £376.8m in
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: http://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk