Admiral could float one third of the company, or a £225m stake, on the London Stock Exchange when it goes for an initial public offering (IPO) in the autumn.
The offering will value the company at around £680m and will include an option to sell an additional 15% of the company.
The news comes as Admiral announced a 30% increase in adjusted core profit for the first half of 2004. The company put the £45m profit down to rapid growth of elepant.co.uk and Diamond.
Admiral was unavailable for comment.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
