Insurance Competitor Profile: Admiral Group


#453634

35pages

Verdict Financial

$ 2795

In Stock

Summary
Admiral specializes in car insurance. It owns the UK's first price comparison website and led the UK market in introducing multi-car insurance.


Synopsis
Learn about Admiral's organizational structure and its core business segments.
Gain insight into the strengths, weaknesses, opportunities, and threats it faces going forward.
Understand the group's strategy.

ReasonsToBuy
How did Admiral's international businesses perform in 2013?
What are Admiral's major UK brands, and who do they target?
What opportunities and challenges does the company face going forward?

Key Highlights
In 2013 Confused.com saw its revenues increase by 6%. Its profit before tax rose 19.2% year-on-year, despite the increasingly competitive nature of the UK comparison market.

As a whole, Admiral's international operations continue to struggle. Its operations in France, Italy, and Spain recorded a combined loss of 11.7m in 2013.

Although still heavily focused on motor insurance, Admiral has begun to diversify its portfolio and has been operating its own underwritten household insurance product in the UK since December 2012.