Admiral FY profit rises 16%, hails 'exceptional' performance in UK Motor

(Sharecast News) - Insurer Admiral posted a rise in full-year profit on Thursday as it hailed a growing customer base and an "exceptional" performance from the UK motor division. In the year to the end of December 2025, pre-tax profit jumped 16% to a record £957.9m, with the customer base up 7%.

Group turnover nudged down 1% to £5.9bn as continued growth in UK Other Personal lines was offset by lower UK Motor turnover as average premiums reduced. Meanwhile, insurance revenue was 9% higher at £5bn.

UK Motor Insurance profit rose 7% to just over £1.0bn. The increase in profit excluding the Ogden impact was 16% to £994m, with a "strong" current year combined ratio due to disciplined growth in a competitive market, Admiral said.

The dividend per share was lifted 7% to 205p and Admiral declared a special dividend of 17.2p per share.

Chief executive Milena Mondini de Focatiis said 2025 had been an "exceptional" year for the company.

"We reported record profits, continued to grow our customer base and diversify our business, while maintaining momentum in how we invest and innovate," she said.

"UK Motor delivered an exceptional performance, surpassing £1 billion of profit, while our other UK personal lines, Admiral Money and European Motor operations together generated nearly £100 million of profit, with strong results in France and a rapid recovery in Italy."

At 0815 GMT, the shares were up 1.8% at 2,910p.