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2023-05-20 05:26:04 ET Summary Admiral operates a very strong UK motor insurance business. Earnings were hit last year on rising claims frequency and severity. 2022 could mark a bottom, with the motor insurance environment improving alongside some of Admiral's other lines like Hou...
2023-03-16 07:04:08 ET Summary After 2022 results on Monday, Direct Line's share price is now down 60% in the past 5 years and at 5.3x its pre-COVID 2019 EPS. Direct Line made a loss in 2022, partly due to inflation and regulatory changes, but management made mistakes in Motor pri...
2023-03-09 11:24:23 ET Summary Admiral reported 2022 profits despite double-digit claim cost inflation and a key regulatory change, albeit 7% lower than in 2019. The core U.K. Motor business had 5% more profits than in 2019, but U.S. losses rose sharply and U.K. Household was hit ...
2023-03-08 12:10:25 ET Admiral Group Plc (AMIGF) Q4 2022 Results Conference Call March 08, 2023 4:00 AM ET Company Participants Milena Mondini - CEO Geraint Jones - CFO Cristina Nestares - CEO UK Insurance Adam Gavin - Deputy Head of Motor Claims Costanti...
Summary Admiral Group plc shares are down 7% this morning after shares in Direct Line, a competitor, crashed 26% following a profit warning. Direct Line had a number of unexpected problems during Q4. Most of these do not apply to Admiral at all, or to a much lesser extent. We expect...
Summary Over the past year, Admiral Group plc investors have been shocked several times by disappointing competitor updates. Yet, Direct Line and Sabre issues have just created great entry points for knowledgeable Admiral investors. This time, with negative news from Direct Line, it...
Summary 2022 was a year where share prices mostly went down and my portfolio saw a maximum decline during the year of 18%. The portfolio is significantly weighted toward its highest-quality holdings with the lowest valuations. 2023 is likely to be a bumpy year, but that isn’t...
Summary Admiral's strong capital release and dividend record has supported long-term shareholder returns. The market is overly pessimistic due to idiosyncratic issues at competitors, creating a variant perception opportunity. Admiral is the market leader in the UK, and inflati...
Summary The valuation correction experienced in 2022 - while far from pleasant - has its benefits in that gravity is being restored to the system. Companies that have been able to pass on cost increases to customers have also been generally well rewarded in the market. Holding...
Summary Admiral shares have fallen below 2,000p for the first time since H1 results, losing 8% since last Thursday - we believe unfairly. Key developments in the past few weeks were a poorly-received new U.K. "mini-budget" and H1 results from niche competitor Saga. The weaker ...