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Insurance Competitor Profile: Admiral Group

  • December 2014
  • -
  • GlobalData
  • -
  • 35 pages

Summary

Table of Contents

Summary
Admiral specializes in car insurance. It owns the UK's first price comparison website and led the UK market in introducing multi-car insurance.


Synopsis
- Learn about Admiral's organizational structure and its core business segments.
- Gain insight into the strengths, weaknesses, opportunities, and threats it faces going forward.
- Understand the group's strategy.

Reasons To Buy
- How did Admiral's international businesses perform in 2013?
- What are Admiral's major UK brands, and who do they target?
- What opportunities and challenges does the company face going forward?

Key Highlights
In 2013 Confused.com saw its revenues increase by 6%. Its profit before tax rose 19.2% year-on-year, despite the increasingly competitive nature of the UK comparison market.

As a whole, Admiral's international operations continue to struggle. Its operations in France, Italy, and Spain recorded a combined loss of £11.7m in 2013.

Although still heavily focused on motor insurance, Admiral has begun to diversify its portfolio and has been operating its own underwritten household insurance product in the UK since December 2012.

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