2 Followers LSE:ADM - Admiral Group plc Admiral Group plc
Sector: Financials, Industry: Property & Casualty Insurance
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GBX 3350.0    +42 (+1.27%)
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23 Jul 2021


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General

CEO: Ms. Milena Mondini-de-Focatiis

Headquarters: UK

Employees: 11,445

Homepage

Description

Admiral is a personal lines insurer that writes most of its business in the United Kingdom. The company operates three business divisions: U.K. insurance, international car insurance, and other. This is a reduction from four since April 2021, when new CEO Milena Mondini de Focatiis announced the sale of Admiral’s price comparison businesses within Penguin Portals. This included www.confused.com, www.rastreator.com, www.lelynx.fr, and the group’s technology division, Admiral Technologies. The sale excluded Admiral’s U.S. price comparison business, www.compare.com. The total net transaction value was GBP 460 million, which Admiral intends to return to shareholders.