Insurance giant Admiral reports surge in profits

ADMIRAL, the FTSE 100 insurance heavyweight, has reported a substantial rise in profits for 2024.

- BY RUPERT HARGREAVES

The company's earnings per share have almost doubled to 216.6p from 111.2p in the previous year, with pre-tax earnings surging by 90% to £839.2m.

Turnover increased by 28% to £6.15bn, while insurance revenue saw a 37% growth to £4.78bn.

In light of these robust figures, Admiral's board has proposed a final dividend of 121.0p per share, culminating in a total annual dividend of 192.0p, marking an 86% increase from 2023.