Admiral Forecasts Record 2008 After First Quarter Performance

Published: 9/29/2009

Excellent first quarter results for the Admiral group have raised expectations for a record year through the rest of 2008.

Turnover for the car insurance provider was up by 14 percent in Q1 compared with the same time last year at GBP232 million. More excellent news came with the increase in customer numbers that was also recorded. Admiral saw the number of customers rise by 17 percent, a factor that leads them to consider the possibility of a record year.

The CEO from Admiral insurance said that they would keep delivering good results in spite of the difficult trading conditions they are dealing with. Car insurance is something that everyone needs and by being competitive they can win more market share.