Admiral sees growth slow in the third quarter

Car insurance firm Admiral saw a slight decrease in third-quarter turnover but has assured that it is still on track to hit its full-year targets, blaming the decline on seasonal factor.

Car insurance firm Admiral saw a slight decrease in third-quarter turnover but has assured that it is still on track to hit its full-year targets, blaming the decline on seasonal factor.

"Little has changed since the half year.The UK car insurance market is cyclical and we are in the softer part of the cycle with premium rates coming down," said Chief Executive Henry Engelhardt.

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