Admiral Group PLC

Admiral Group provides motor and household insurance. Co. has four reportable segments: U.K. Insurance, which consists of the underwriting of car insurance, van insurance, household insurance and other products that supplement these insurance policies; International Car Insurance, which consists of the underwriting of car insurance and additional products outside of the U.K., specifically covering Co.'s operations in Spain, Italy, France and the U.S.; Price Comparison, which relates Co.'s price comparison businesses, Confused.com in the U.K., Rastreator in Spain, LeLynx in France and Compare.com in the U.S.; and Other, which includes Co.'s commercial van insurance broker, Gladiator.
  • TickerADM
  • ISINGB00B02J6398
  • ExchangeLondon Stock Exchange
  • SectorNonlife Insurance
  • CountryUnited Kingdom

Analysts

Henry Heathfield

Morningstar | Don't Believe the Hype in U.K. Motor Insurance

The U.K. motor insurance market is one of the most dynamic insurance markets in Europe. However, this isn’t always positive. We think the evolution of this market has led to greater price transparency, lower customer retention and persistency. All this has combined to result in a price pressured market consisting of, in our opinion, businesses that are generally quite low quality and lacking economic moats. We're raising our fair value estimate slightly for no-moat Direct Line and no-moat Admiral to GBP 2.7 and GBP 18.2 respectively, but both businesses are overvalued. Generally, we think inv...

Henry Heathfield

Don't Believe the Hype in U.K. Motor Insurance

The U.K. motor insurance market is one of the most dynamic insurance markets in Europe. However, this isn’t always positive. We think the evolution of this market has led to greater price transparency, lower customer retention and persistency. All this has combined to result in a price pressured market consisting of, in our opinion, businesses that are generally quite low quality and lacking economic moats. We're raising our fair value estimate slightly for no-moat Direct Line and no-moat Admira...

Henry Heathfield

Morningstar | Admiral, a Hyped business based on Reinsurance and Ancillary Business

Admiral is predominantly a U.K. personal lines insurer, mainly in motor and household, but the business model is different from a traditional personal lines insurance. These all feed from its co- and reinsurance relationships. Through these relationships, Admiral generates profit commission on ceded insurance and allows the business to leverage up significantly on ancillary income. For example, for every GBP 100 of premium the business writes, Admiral underwrites less than 30% of this, with co- and reinsurers taking the residual 70% of underwriting risk. Admiral sells ancillary products into t...

Henry Heathfield

Morningstar | Don't Believe the Hype in U.K. Motor Insurance. See Updated Analyst Note from 04 Jun 2019

The U.K. motor insurance market is one of the most dynamic insurance markets in Europe. However, this isn’t always positive. We think the evolution of this market has led to greater price transparency, lower customer retention and persistency. All this has combined to result in a price pressured market consisting of, in our opinion, businesses that are generally quite low quality and lacking economic moats. We're raising our fair value estimate slightly for no-moat Direct Line and no-moat Admiral to GBP 2.7 and GBP 18.2 respectively, but both businesses are overvalued. Generally, we think inv...

Henry Heathfield

Don't Believe the Hype in U.K. Motor Insurance

The U.K. motor insurance market is one of the most dynamic insurance markets in Europe. However, this isn’t always positive. We think the evolution of this market has led to greater price transparency, lower customer retention and persistency. All this has combined to result in a price pressured market consisting of, in our opinion, businesses that are generally quite low quality and lacking economic moats. We're raising our fair value estimate slightly for no-moat Direct Line and no-moat Admira...

1 director bought

A director at Admiral Group bought 937 shares at 2,214p and the significance rating of the trade was 57/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board memb...

Steve O'Hare

Admiral Group (ADM LN)

​A leading UK car insurance company that is enjoying strong earnings and customer growth on the back of increasing levels of car ownership and a shift towards online customer purchasing

ADMIRAL GROUP PLC. increases its risk exposure and slightly lowers to Neutral

ADMIRAL GROUP PLC. (GB), a company active in the Insurance Brokers industry, now shows a lower overall rating. The independent financial analyst theScreener confirms the fundamental rating of 3 out of 4 stars. However, the market behaviour deterioration triggered a risk requalification, which can be thus described as moderately risky. theScreener believes that increased risk justifies the general evaluation downgrade to Neutral. As of the analysis date July 12, 2019, the closing price was GBp 2,273.00 and its expected value was estimated at GBp 2,173.24.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

MarketLine Department

esure Group plc - Strategy, SWOT and Corporate Finance Report

Summary esure Group plc - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Esure Group plc (esure) is a provider of general insurance products. The company’s portfolio of service offerings includes home insurance underwriting, motor insurance underwriting, non-underwritten additional services, and other investment services. esure offers motor and home insurance ser...

MarketLine Department

Admiral Group PLC - Strategy, SWOT and Corporate Finance Report

Synopsis Admiral Group PLC - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Summary - Detailed information on Admiral Group PLC required for business and competitor intelligence needs - A study of the major internal and external factors affecting Admiral Group PLC in the form of a SWOT analysis - An in-depth view of the business model of Admiral Group PLC including a breakdown ...

Expert Corporate Governance Service (ECGS)

Admiral Group - AGM 25 April 2019

Item 2: Approve the Remuneration Report For the CFO, there are concerns over the potential for excessive variable remuneration under the LTIP and a bonus which does not appear to be linked with performance.  For the CEO, there are concerns that there is no incentive pay, though the CEO's own shareholding is considered sufficient to align his interest's with the Company's long-term results. The quantum is quite moderate by UK standards for both executives.  Nevertheless, as there is no vote on policy in the current year in which to express concerns over the CFO's incentive plans, we recommend ...

Admiral Group PLC – Proxinvest Corporate Governance Rating ® : A

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Etude de l'AG du 26/04/2017

Mr. Lyons served as the Chairman of the Board during the year and has stated his intention to step down at the forthcoming AGM.Annette Court will succeed the position of Chairman at the forthcoming AGM and is deemed to be independent at appointment. We note that the Company has selected a woman to serve as Chairman of the Board. The percentage of women on the Board is 33.3%, which also meets ECGS guidelines.Item 2: Approve the Remuneration Report. While there are concerns over the lack of a performance based bonus and the potential for excessive variable remuneration under the LTIP, the struct...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Europe & the UK remain in focus The MSCI ACWI ex-U.S. is breaking topside its nearly 14-month downtrend and above key resistance. The move is being fueled by improvements throughout most of Europe and the UK, along with strength in China over the past 2-3 months. We believe these positive developments are supportive of higher equity prices moving forward. As a result of these and several other observations highlighted below, our outlook on global equities is positive. • Europe & the UK. As has been the case over the last several weeks, a major focus of ours within global equities (ex-U.S.) h...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Opportunity in EM countries Our cautious outlook and expectation for continued downward pressure on global equities remains intact. Broad global indexes (MSCI ACWI, ACWI ex-U.S., EAFE, and EM) are all trading within patterns of lower highs and lower lows, leading us to believe the most likely scenario is that this near-term bounce is likely nothing more than a countertrend rally before longer-term downtrends reassert themselves. • Opportunity in EM. Both a top-down and bottoms-up analysis point to opportunity in EM countries despite the intact downtrend for the MSCI EM index. Additionally, t...

Matthieu DRIOL

Analyse court terme - ADMIRAL GROUP PLC : La tendance est haussière.

La tendance est haussière. Les cours progressent encore, mais la tendance s'affaiblit. La prochaine résistance est à 2 004,89 p. La rupture de 1 808,67 p mettrait la tendance en danger.

Matthieu DRIOL

Short term view - ADMIRAL GROUP PLC : The trend is bullish.

The trend is bullish. Prices are still making progress but the trend is slowing down. The next resistance is at 2,004.89 p. The break of 1,808.67 p would endanger the trend.

Matthieu DRIOL

Short term view - ADMIRAL GROUP PLC : The trend is bullish.

The trend is bullish. The recent fall is getting more vigorous. The next support is at 1,937.81 p. A break below 1,808.67 p would challenge the trend.

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