Admiral to slow UK growth despite 9% rise in profit
Admiral's pre-tax profit rose to £171.8m in the first half of 2012 (H1 2011: £160.6m) having increased the number of vehicles insured by 11%, or 350 000, to 3.5 million.
The UK car insurance business reported a 9% rise in pre-tax profit to £183.3m (H1 2011: 168.2m), which it said was due to higher net premium revenue and an improved combined ratio of 88.9% (H1 2011
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