🎉 Big News from Admiral! 🚗🚀
Admiral, the car insurance giant based in Cardiff, is celebrating a record-breaking half-year performance with some fantastic news for its hardworking staff. With pre-tax profits soaring by a whopping 69% to £521 million, Admiral is rewarding its 13,000 employees with free shares valued at up to £1,800! 🥳
Admiral’s success isn’t just confined to numbers. The group has welcomed over a million new customers in the UK, shining in their car insurance sector and expanding their reach across financial services. Despite a slight dip in European customers, group figures climbed to a total of 11.42 million clients.
What’s driving this impressive growth? Admiral credits competitive pricing and excellent customer service. Their UK motor business saw profits rise by 56%, while Admiral Money enjoyed a 25% increase in loan balances. And that’s not all – the group’s interim dividend has jumped to 115p per share, bringing smiles to shareholders’ faces. 📈💰
Admiral is also committed to adapting for the future, continuously investing in data and tech to enhance customer experiences and fortify their competitive edge. They’re rolling out initiatives to support a lower carbon economy and help customers deal with extreme weather. 🌍👷♀️
Milena Mondini de Focatiis, Admiral’s CEO, proudly shared, “Our focus on offering competitively priced cover and excellent service across our diversified businesses has been key to our success. We’re excited about what’s next and ready to deliver even more value for our growing customer base and shareholders.”
Exciting times ahead for Admiral and their team! 🎊💼