Admiral reports slight rise in pre-tax profit despite Ogden impact

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Admiral has reported a slight jump in its pre-tax profit during the first half of 2017, despite an earlier hit to profits of £150m from the Ogden rate change.

The insurer, which raised its motor premiums by 10% after the Ogden decision announcement, said that its pre-tax profit rise to £226 million from £224 million in the same period last year, reflected

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