Admiral's UK policy growth at lower end

Share

• Copy link
• Facebook
• X
• Linkedin
• Whatsapp
• Pinterest

Share this article

Join the conversation

Follow us

Add us as a preferred source on Google

Newsletter

Get the MoneyWeek Newsletter

Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.

Contact me with news and offers from other Future brands Receive email from us on behalf of our trusted partners or sponsors

---

By submitting your information you agree to the Terms & Conditions and Privacy Policy and are aged 16 or over.

You are now subscribed

Your newsletter sign-up was successful

---

Want to add more newsletters?

Twice daily

MoneyWeek

Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.

Signup +

Four times a week

Look After My Bills

Sign up to our free money-saving newsletter, filled with the latest news and expert advice to help you find the best tips and deals for managing your bills. Start saving today!

Signup +

---

An account already exists for this email address, please log in.

Subscribe to our newsletter

Car insurer Admiral said it has made a good start to the year with performance in line with management expectations.

First quarter group turnover rose 9% to £586m from £539m in the first quarter of last year.

The number of vehicles insured rose 17% to 3.4m from 2.9m the year before, while the UK car insurance vehicle count increased 13% to 3.0m from 2.7m in the first quarter of 2011, in line with management projections. This represents an annualised growth rate in the first quarter of the order of 5%, the group said. Admiral has already guided towards lower UK policy growth in 2012, of 5-10%.

MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

Meanwhile, the international car insurance vehicle count increased 83% to 350,000 (Q1 2011: 190,000).

As anticipated by the market, there has been no change in claims trends from Q4 2011, while UK other revenue per vehicle remained stable at £84.

JH