Admiral Group posts record first-half year profits
Admiral Group posts record first-half year profits
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Cardiff-based Admiral Group has reported a 69% rise in profit before tax from continuing operations for the first half of 2025, reaching a record £521 million, driven by strong performance in its UK motor and household insurance businesses.
Group earnings per share climbed 72% to 132.5p, while the board declared an interim dividend of 115.0p per share, up 62%, comprising both a normal and special dividend, payable on 3 October 2025. Return on equity rose 12 percentage points to 57%.
The insurer’s UK insurance arm delivered profits of £584.4 million, up 61% year-on-year, while its Admiral Money lending division saw profits jump 139% to £16.3 million. Group turnover held steady at £3.10 billion.
Total customer numbers increased by 10% to 11.42 million, with growth in UK operations offsetting a slight contraction in the group’s European insurance portfolio. The combined ratio improved to 77.7% and the insurance service margin strengthened to 18.8%, reflecting what the company described as “disciplined underwriting and improved operational efficiency.”
Milena Mondini de Focatiis, Admiral’s chief executive, said: “We have delivered another excellent first half with strong execution across all strategic objectives. Our disciplined approach to pricing and growth means that we reported a great performance across the board. I’m very excited to see our businesses go from strength to strength.”
In line with its inclusive growth policy, Admiral will award free shares worth up to £1,800 to more than 13,000 employees. The group also highlighted environmental, social and governance milestones, including a reaffirmed AAA rating from MSCI and being recognised as a Great Place to Work in the UK for 25 consecutive years.
Admiral’s update follows a challenging period for the wider UK motor insurance market, with rising claims costs and inflation pressuring margins across the sector. Analysts will be watching whether the company can sustain its first-half momentum into the second half of the year, particularly as competitive pricing pressures remain intense.
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