Admiral Group – one of the UK’s largest car insurance providers – has released its financial results for the first six months of 2013.
The firm’s pre-tax profits rose by six per cent to ï¿½181.4 million, up from ï¿½171.8 million in 2012, with most of this increase coming from overseas operations and the corporation’s Confused.com brand, which saw its net profit rise by more than 20 per cent.
Overall earnings per share also grew, up six per cent to 50.1p per unit, while the interim dividend rocketed by a similarly impressive eight per cent to 48.9p per share.
Capping off a positive first half of 2013, Admiral also announced it was awarded the accolade of being the second best large workplace in the UK and second best multinational employer in Europe by the Great Place to Work Institute.
Henry Engelhardt, chief executive, commented: “I’m really pleased with our results in the first half of 2013. Any time you can increase profits by six per cent when competitors are cutting prices you’ve got to be happy.”