- Auto insurer Admiral Group of the UK has achieved ROE consistently above 50% coupled with high growth and low leverage.
- Its current dividend yield is 5.5% with annual growth of about 8% primarily from the UK car business.
- Diversifying into Europe and adding new lines of business in the UK provides Admiral with additional opportunities to grow.
- Its main risk is disruption of traditional auto insurance caused by self-driving cars. However, this risk is remote in time and not certain to materialize.
For further details see:
Admiral Group For Retirees And Everybody Else: High Yield, High Growth, Low Leverage