Interim Management Statement
(Thomson Reuters ONE) - Admiral Group plc16 October 2009Interim Management StatementAdmiral Group plc ('Admiral' or 'the Group') today releases itsInterim Management Statement covering the period 1 July to 16 October2009. Unless otherwise stated, figures quoted are for the quarterended 30 September 2009, with comparatives reflecting the positioncompared against the same quarter in 2008.Comment from Henry Engelhardt, Chief Executive"I'm pleased to report that not much has changed in three months.Our successful business continues to grow and prosper. Inparticular, our price comparison business in Spain launched its firstTV campaign and our direct insurance operation in the US opened forbusiness in Virginia."Admiral's UK car insurance business had yet another fine quarter.We grew vehicle count by 16% year on year to 1.81 million and havecontinued to increase premium rates."Group highlights* Group turnover* Q3 09 increased by 22% v Q3 08 to £294 million* Number of customers increased 17% to 2.01 million* UK ancillary contribution per vehicle remains stable* Confused.com turnover Q3 09 increased 32% v Q3 08, margins steady* Investment return on sterling funds of 1.4%* Turnover from non-UK car insurance Q3 09 increased by 53% v Q3 08 to £10.3 million* Our financial position remains strong* On track to meet analysts' consensus profit estimates for 2009* Turnover is defined as total premiums written (includingco-insurers' shares) and other revenueFurther informationFor further information please contact:Financial DynamicsRob Bailhache 0207 269 7200This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 16.10.2009 - 08:00 Uhr
Sprache: Deutsch
News-ID 6982
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