ADM Admiral Group Plc

 
TIDMADM 
 
Admiral Group plc 
6 May 2011 
Interim Management Statement 
 
Admiral Group plc ('Admiral' or 'the Group') today releases its Interim 
Management Statement covering the period 1 January to 6 May 2011.  Unless 
otherwise stated, figures quoted are for the quarter ended 31 March 2011, with 
comparatives reflecting the position compared against the same quarter in 2010. 
 
Comment from Henry Engelhardt, Chief Executive Officer 
 
"I'm pleased to report that our business has continued to grow and prosper in 
the first quarter of the year. 
 
"Admiral's UK car insurance business had another great quarter and has continued 
to benefit from positive market conditions.  We grew rapidly and were also able 
to raise premiums.  We continue to remain focussed on maintaining the quality of 
our business." 
 
Highlights 
 
 ·         Group turnover* Q1 2011 increased by 56% to  GBP539 million 
 
 ·         Group vehicle count increased 33% to 2.9 million 
 
 ·         Confused.com turnover is flat and margins remain under pressure 
 
 ·         Our financial position remains strong 
 
 ·         Performance to date puts us on track to at least meet analysts' 
consensus profit estimates for 2011 
 
*Turnover is defined as total premiums written (including co-insurers' shares) 
and other revenue 
 
Dividend 
 
Admiral confirms that its 2010 final normal dividend of 17.3p per share and 
final special dividend of 18.2p per share (total 35.5p per share) will be paid 
on 10(th) June 2011.  The ex-dividend date is 18(th) May 2011 and the record 
date is 20(th) May 2011. 
 
This brings the total dividend for 2010 to 68.1p per share being 32.4p normal 
dividend and 35.7p special dividend. 
 
Further information 
For further information please contact: 
 
Financial Dynamics 
Nick Henderson                 02072 697 114 
 
Admiral Group plc 
Louise O'Shea                   02920 434 384 
 
 
 
 
 
 
This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
 
Source: Admiral Group PLC via Thomson Reuters ONE 
 
[HUG#1513013] 
 

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