Admiral Group (ADM)

Sector:

Insurance

Index:

FTSE 100

2,741.00p
   
  • Change Today:
      42.00p
  • 52 Week High: 2,837.00
  • 52 Week Low: 2,029.00
  • Currency: UK Pounds
  • Shares Issued: 302.84m
  • Volume: 135,196
  • Market Cap: £8,301m
  • RiskGrade: 91

Dividend Data

  31-Dec-2331-Dec-2231-Dec-2131-Dec-2031-Dec-19
Interim Dividend38.00p44.20p87.90p55.00pn/a
Final Dividend35.40p37.50p42.20p86.00p56.30p
Total Dividend73.40p81.70p130.10p141.00p98.10p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 3,486.10 2,956.90 2,492.30 2,265.30 2,198.40
Operating Profit/(Loss) 462.90 373.20 694.90 590.90 493.10
Profit Before Tax 442.80 361.20 713.50 608.20 505.10
Profit After Tax 337.20 285.30 583.30 502.00 415.90
Discontinued Operations          
Profit After Tax n/a n/a 413.40 25.80 12.50
PROFIT FOR THE PERIOD 337.20 285.30 996.70 527.80 428.40
Attributable to:          
Equity Holders of Parent Company 338.00 286.50 997.90 528.80 432.40
Minority Interests (1.20) (1.20) (1.20) (1.00) (4.00)
           
Continuing EPS          
Earnings per Share - Basic 111.20p 95.40p 196.70p 170.70p 143.70p
Earnings per Share - Diluted 110.80p 95.00p 196.10p 170.40p 143.40p
Earnings per Share - Adjusted 111.20p 95.40p 196.70p 170.70p 143.70p
Continuing and Discontinued EPS          
Earnings per Share - Basic 111.20p 95.40p 335.50p 179.50p 148.30p
Earnings per Share - Diluted 110.80p 95.00p 334.50p 179.20p 148.00p
Earnings per Share - Adjusted 111.20p 95.40p 335.50p 179.50p 148.30p
           
Dividend per Share 73.40p 81.70p 130.10p 141.00p 98.10p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Assets          
Property, Plant & Equipment 90.10 89.80 103.20 140.40 154.40
Intangible Assets 242.90 217.60 179.90 166.70 160.30
Investment Properties n/a n/a n/a n/a n/a
Investments 3,862.40 3,411.20 n/a 3,506.00 3,234.50
Other Financial Assets n/a n/a 3,742.60 n/a n/a
Insurance/Re-Insurance Assets 1,191.90 1,015.40 2,176.10 2,083.20 2,071.70
           
Inventories n/a n/a n/a n/a n/a
Trade & Other Receivables n/a n/a 1,208.50 1,182.00 1,227.70
Cash at Bank & in Hand 353.10 297.00 372.70 298.20 281.70
Other Current Assets n/a n/a n/a 359.80 n/a
Other Assets 1,355.80 1,177.80 576.70 105.90 455.10
Total Assets 7,096.20 6,208.80 8,359.70 7,842.20 7,585.40
           
Liabilities          
Insurance Contracts 4,581.70 4,025.40 4,215.00 n/a 3,975.00
Provisions for Risks and Charges n/a n/a n/a n/a n/a
Other Insurance Liabilities n/a n/a n/a n/a n/a
Borrowings 1,211.00 1,027.60 776.20 611.40 667.20
Provisions n/a n/a n/a 0.90 0.40
Other Liabilities 310.70 268.80 1,960.00 6,106.50 2,024.20
Total Liabilities 6,103.40 5,321.80 6,951.20 6,718.80 6,666.80
           
Net Assets 992.80 887.00 1,408.50 1,123.40 918.60
           
Capital & Reserves          
Share Capital 0.30 0.30 0.30 0.30 0.30
Share Premium Account 13.10 13.10 13.10 13.10 13.10
Other Reserves (40.50) (50.20) 44.00 94.90 55.10
Retained Earnings 1,018.90 922.60 1,348.80 1,004.40 840.90
Shareholders Funds 991.80 885.80 1,406.20 1,112.70 909.40
           
Minority Interests/Other Equity 1.00 1.20 2.30 10.70 9.20
Total Equity 992.80 887.00 1,408.50 1,123.40 918.60
Cash Flow 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Cash Flow From Operating Activities 279.00 476.90 244.60 608.80 236.60
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities (75.90) (101.00) 387.80 (43.10) (33.60)
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities (171.80) (425.00) (564.80) (498.10) (304.90)
Net Increase/Decrease In Cash 31.30 (49.10) 67.60 67.60 (101.90)
Ratios - based on IFRS 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
PE Ratio - Adjusted 24.1 22.4 16.0 17.0 16.1
PEG - Adjusted 1.4 n/a 1.1 0.9 3.2
Earnings per Share Growth - Adjusted 17% -52% 15% 19% 5%
Dividend Cover 1.51 1.17 1.51 1.21 1.46
Revenue per Share 1,161.23p 993.98p 8.46p 769.03p 754.13p
Pre-Tax Profit per Share 147.50p 121.42p 2.42p 206.47p 173.27p
Operating Margin 13.28% 12.62% 27.88% 26.08% 22.43%
Return on Capital Employed n/a n/a n/a n/a n/a
Continuing & Discontinued Operations          
PE Ratio - Adjusted 24.1 22.4 932.2 16.2 15.6
PEG - Adjusted 1.4 0.0 n/a 0.8 1.9
Earnings per Share Growth - Adjusted 17% 2,717% -98% 21% 8%
Dividend Cover 1.51 1.17 0.03 1.27 1.51
           
Dividend Yield 2.7% 3.8% 4.1% 4.9% 4.2%
Dividend per Share Growth (10.16%) (37.20%) (7.73%) 43.73% 8.52%
Operating Cash Flow per Share 92.94p 160.31p 82.22p 206.68p 81.16p
Cash Incr/Decr per Share 10.43p (16.50p) 0.23p 22.95p (34.95p)
Net Asset Value per Share (exc. Intangibles) 249.79p 225.02p 413.00p 324.79p 260.12p
Net Gearing n/a n/a n/a n/a n/a

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Forecast figures based on normalised accounts.

 

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