Analysts warn Admiral is under pressure as it makes 50% of revenue from ancillary income
Admiral was the biggest loser in yesterday’s Office of Fair Trading (OFT) verdict as its shares plummeted 7%.
The stock dropped 80p to £10.39 after the OFT referred the private motor insurance market to the Competition Commission.
Admiral makes around half its profits from ancillary fees, which include hire fees, medical expenses and referral fees.
Despite the concerns over Admiral, its profits continue to climb year on year.
Chief executive Henry Engelhardt criticised the doubters in Admiral’s 2011 annual report. Last year he also bought Admiral stock heavily, indicating his faith in the company’s ability to grow its share price.
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.
No comments yet