| Category | Details |
|---|---|
| Net Worth (as of March 2024) | £5.42 billion |
| Total Assets (2024) | £11.75 billion |
| Liabilities (2024) | £6.33 billion |
| Equity (2024) | £5.42 billion |
| Revenue (2024) | £4.81 billion |
| Operating Profit (2024) | £442.8 million |
| Net Interest (2024) | £(75) million |
| Profit Before Tax (2024) | £442.8 million |
| Profit After Tax (2024) | £338 million |
| Dividend per Share (2024) | 103.0p |
| Earnings per Share (2024) | 111.2p |
| Holdings by Category | – Type of Security: Primarily insurance policies, financial instruments, and equity holdings – Industry Sector: Insurance – Geographic Region: United Kingdom and Europe – Credit Quality: High-quality insurance assets, A-rated bonds, and other financial instruments – Maturity: Long-term insurance contracts and financial investments |
| Audited Financial Statements | New information regarding the organization can be accessed on the Admiral Group official website providing upcoming stock information and hands-on historical data. There are several strategic elements such as: top fifty holdings comprising contracts of insurance, ther dit deposits, financial instruments, and stake in the related industries. |
| Condensed Financial Statements | This section is, usually, included in the annual report, where the last five years of financial information regarding total assets, total liabilities, net profit and total comprehensive income is concentrated. |
| Returns (1, 5, 10 years) | – 1 Year: 7.8% – 5 Years: 25.4% – 10 Years: 55.6% (Reflecting stable returns driven by robust performance in the UK motor insurance market and diversified insurance products) |
| Management’s Discussion | It was disclosed by the management that for the year 2023, there was a pronounced achievement of the company attributed to proper pricing techniques and the successful increase of their customer base. With a diversified portfolio of businesses and its continual focus on new product innovation driven by customer demand, the financial health of Admiral Group has not only improved but is robust enough to withstand economic headwinds. The company does not underestimate the word “growth” and keeps on acquiring other companies, as well as, improving its socially responsible direction. |
| Important Persons & Top Officials | – Milena Mondini de Focatiis (CEO): £12.0 million net worth, leading Admiral since 2021, with extensive experience in insurance and finance. – Geraint Jones (CFO): £5.8 million net worth, responsible for overseeing the financial health and strategic financial planning of the company. – Mike Rogers (Chairperson): £10.5 million net worth, with a distinguished career in the insurance industry and governance. |
| Directors & Officers | – Milena Mondini de Focatiis (CEO): Age 47, Tenure 3 years – Geraint Jones (CFO): Age 50, Tenure 7 years – Mike Rogers (Chairperson): Age 65, Tenure 1 year – Remuneration: £15.3 million combined annual compensation for directors, reflecting competitive pay structures aligned with industry standards. |
Admiral Group PLC Overview
Headquartered in Cardiff, Admiral Group Plc is one of the largest UK’s insurers specialized in motor, household and other insurance products. Since its establishment in 1993 the company has transformed from a fit out company based in one small Welsh region and catering for a million customers to a notable player in the insurance market. Customers value Admiral for offering a fresh approach to insurance – aggressive pricing and great service. The company has also been a leader in the use of technology to enhance customer interaction and operational efficiency.
Admiral Group has primarily concentrated on the geographical and product line expansion over the years. In the year 2023, the company was able to achieve a healthier revenue generation capacity that is consistent with its pricing discipline and customer growth strategy regardless of the economy, which is facing high inflation concerns and cost of living crisis. Admiral was able to beat these headwinds due to its management and keep its profit in a good level and return to shareholders on a regular basis.
Admiral takes special measures to help the green economy, for instance, by assisting in the branches of e-mobility or renewable energy use. Creation of shareholders` value is the central focus of the company, however, its business strategy still remains highly innovative, oriented on customers and socially responsible.
1 Comment
Pingback: BMW Group Annual Report & Net Worth - Emerging Companies, Net Worth, Future UK