- Admiral‘s pretax profit for the first half of 2024 was £309.8 million, surpassing the estimated £305.2 million.
- The company now serves 10.53 million customers, representing a 12% increase in its customer base.
- Return on equity stands at an impressive 45%.
- An interim dividend of 71.0 pence per share has been declared.
- Group turnover increased by 43% to £3.2 billion.
- Group profit rose by 32% to £310 million, driven primarily by strong performance in the UK Motor segment.
- CEO Milena Mondini de Focatiis noted that early pricing adjustments to inflation allowed for competitive positioning, aiding in customer growth.
- Investment recommendations include 10 buys, 4 holds, and 4 sells.
A look at Admiral Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts at Smartkarma have provided an overview of Admiral Group Plc’s long-term outlook based on their Smart Scores. According to the scores, Admiral receives a solid rating of 4 for Dividend, indicating a positive outlook for dividend payments in the future. This suggests that Admiral may be a good option for investors seeking consistent dividend income.
Despite this, other key factors such as Value and Resilience scored lower at 2, signaling potential challenges in terms of valuation and resilience to market fluctuations. Growth and Momentum both scored a moderate 3, indicating some room for improvement but showing promising signs for future growth and market momentum. It appears that Admiral‘s strengths lie in its dividend performance, while there may be areas to watch in terms of value and resilience over the long term.
Admiral Group Plc is known for selling private motor insurance and offers additional services like breakdown coverage. The company operates in the UK through brands such as Admiral, Elephant, Diamond, and Bell, and also provides insurance products in other countries including Spain, Italy, France, and the United States.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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