Admiral noticed its UK revenue rise by 64% to £977m in its 2024 outcomes with the insurance coverage group attributing 17% to the change within the Ogden private damage low cost which improved to 0.5% final 12 months.
The insurer added that its UK motor revenue elevated to £955m (2023: £593m) pushed by larger revenues, turnover was up 33% to £4.5bn, and a greater mixed working ratio – 74.7% v 88.2% in 2023 – alongside a £100m profit from the Ogden modifications.
Total Admiral’s UK turnover was £5.1bn and it added 19% extra clients in 2024 with 5.7m motor policyholders and three.1m in different strains.
It detailed the mixing of the Extra Than family and pet renewals rights acquired on the finish of 2023 was
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