ADMIRAL GROUP ORD GBP0.001
Symbol: ADM
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Company
Business Summary
Admiral Group plc is a United Kingdom-based financial services company. The Company offers insurance products, including motor, household, travel, and pet insurance, as well as personal lending products through Admiral Loans. It operates through four segments: UK Insurance, International Insurance, Admiral Money, and Other. The UK Insurance segment consists of the underwriting of motor insurance, household and travel insurance and other products that supplement insurance policies within the United Kingdom. The International Insurance segment consists of the underwriting of car and home insurance and the generation of revenue from additional products and fees from underwriting car insurance outside of the United Kingdom. The Admiral Loans segment provides unsecured personal loans and car finance products in the United Kingdom, primarily through the comparison channel. The Other segment includes Admiral Pioneer.
Financial Summary
BRIEF: For the fiscal year ended 31 December 2023, Admiral Group plc revenues increased 15% to £3.73B. Net income increased 18% to £338M. Revenues reflect UK Insurance segment increase of 36% to £3.78B, International Insurance segment increase of 12% to £894.9M. Net income benefited from Other operating expenses recoverable fro increase of 24% to £107.8M (income). Dividend per share decreased from £0.82 to £0.73.
Financials
Income Statement - All values are in GBP (M).
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
---|---|---|---|---|---|---|
Total Revenue | 3,730.10 | 1,491.40 | 1,550.00 | 1,305.30 | 1,208.80 | 1,261.60 |
Gross profit | NIL | NIL | NIL | NIL | NIL | NIL |
Operating Profit/Loss | 442.40 | 467.50 | 711.70 | 606.20 | 503.10 | 476.20 |
Profit Before Tax | 442.80 | 469.00 | 713.50 | 608.20 | 505.10 | 476.20 |
Profit After Tax | 337.20 | 371.80 | 583.30 | 502.00 | 415.90 | 390.50 |
Equity Holders of Parent Company | 338.00 | 373.00 | 997.90 | 528.80 | 432.40 | 395.10 |
Minority Interest | 1.80 | 2.40 | 3.50 | 11.70 | 13.20 | 17.40 |
Balance Sheet - All values are in GBP (M).
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
---|---|---|---|---|---|---|
Total Non-Current Assets | 7,096.20 | 8,938.50 | 8,359.70 | 7,842.20 | 7,585.40 | 6,802.50 |
Total Current Assets | NIL | NIL | NIL | NIL | NIL | NIL |
Total Assets | 7,096.20 | 8,938.50 | 8,359.70 | 7,842.20 | 7,585.40 | 6,802.50 |
Total Liabilities | 6,103.40 | 7,983.10 | 6,951.20 | 6,718.80 | 6,666.80 | 6,031.40 |
Total Net Assets | 992.80 | 955.40 | 1,408.50 | 1,123.40 | 918.60 | 771.10 |
Shareholders Funds | 991.80 | 954.20 | 1,406.20 | 1,112.70 | 909.40 | 758.30 |
Minority Interests | 1.80 | 2.40 | 3.50 | 11.70 | 13.20 | 17.40 |
Total Equity | 992.80 | 955.40 | 1,408.50 | 1,123.40 | 918.60 | 771.10 |
Outlook
Broker View
Data shown is based on the past 75 days of broker views.
ActionBrokers |
Strong Buy2 |
Buy3 |
Neutral7 |
Sell2 |
Strong Sell1 |
---|---|---|---|---|---|
Brokers | 2 | 3 | 7 | 2 | 1 |
Consensus |
ConsensusNeutral |
Not advice based on your circumstances. Does not constitute a recommendation to buy or sell this or any other security. Selected data supplied by Digital Look® Read more.
Forecasts
Year | 2024 | 2025 | 2026 |
---|---|---|---|
Revenue | £3,589.43mn | £3,866.35mn | £5,006.62mn |
Pre-tax-Profit | £632.42mn | £700.03mn | £738.75mn |
EPS | £1.51p | £1.71p | £1.92p |
EPS Growth | 35.93% | 13.05% | 12.40% |
P/E | 18.46 | 16.45 | 14.58 |
PEG Ratio | 0.51 | 1.26 | 1.18 |
Dividend | 136.05p | 153.66p | 167.95p |
Yield | 0.00% | 0.00% | 0.00% |
Upgrades & Downgrades (Latest)
Date | Broker | Recommendation | Price | Old Target | New Target | Change |
---|---|---|---|---|---|---|
4th Mar 2024 | Berenberg Bank | Reiteration | 2650p | 0p | 2961p | Hold |
20th Dec 2023 | Berenberg Bank | DownGrade | 2714p | 2543p | 2961p | Hold |
29th Nov 2023 | Deutsche | Reiteration | 2703p | 2130p | 2280p | Hold |
21st Nov 2023 | Citigroup | Upgrade | 2692p | 0p | 0p | Buy |
7th Jul 2023 | Berenberg Bank | Reiteration | 2029p | 0p | 2543p | Buy |
28th Mar 2023 | Morgan Stanley | Reiteration | 1994p | 0p | 2150p | Underweight |
10th Mar 2023 | Deutsche | DownGrade | 1882p | 0p | 2150p | Hold |
9th Mar 2023 | JP Morgan Cazenove | Reiteration | 1983p | 0p | 1650p | Underweight |
8th Mar 2023 | Peel Hunt Limited | Reiteration | 2003p | 0p | 2160p | Hold |
24th Feb 2023 | Numis | Reiteration | 2195p | 0p | 2575p | Add |
Time & Sales
All prices are in GBX and times are in GMT. Last 20 trades shown. Trade type is estimated and should be treated as indicative only.
Date | Time | Price | Volume | Type |
---|---|---|---|---|
23 Apr 2024 | 08:30 | 2,791 | 150 | Buy |
23 Apr 2024 | 08:30 | 2,791 | 103 | Buy |
23 Apr 2024 | 08:30 | 2,791 | 1,278 | Buy |
23 Apr 2024 | 08:30 | 2,790 | 78 | Sell |
23 Apr 2024 | 08:30 | 2,790 | 43 | Sell |
23 Apr 2024 | 08:27 | 2,791.5 | 225 | Unknown |
23 Apr 2024 | 08:26 | 2,791 | 30 | Sell |
23 Apr 2024 | 08:26 | 2,791 | 36 | Sell |
23 Apr 2024 | 08:26 | 2,791 | 471 | Buy |
23 Apr 2024 | 08:26 | 2,793 | 24 | Buy |
23 Apr 2024 | 08:26 | 2,793 | 13 | Buy |
23 Apr 2024 | 08:26 | 2,793 | 63 | Buy |
23 Apr 2024 | 08:26 | 2,793 | 76 | Buy |
23 Apr 2024 | 08:25 | 2,794 | 2 | Buy |
23 Apr 2024 | 08:24 | 2,792 | 8 | Buy |
23 Apr 2024 | 08:24 | 2,792 | 102 | Buy |
23 Apr 2024 | 08:24 | 2,791 | 104 | Buy |
23 Apr 2024 | 08:24 | 2,791 | 96 | Buy |
23 Apr 2024 | 08:24 | 2,791 | 4 | Buy |
23 Apr 2024 | 08:24 | 2,792 | 15 | Buy |
Selected data supplied by Thomson Reuters © View restrictions.