Admiral Regulatory News (ADM)

22 Nov 2005 07:01

Admiral Group PLC22 November 2005 Admiral Group plc Statement 22 November 2005 Presentation to Investors Admiral Group plc ("Admiral"), a leading provider of financial service productsand motor insurance to the UK market, is today holding a presentation forinvestors at its offices in Cardiff. The site visit will include a tour of thecall centre departments and management presentations on Claims, Pricing andMarketing. The purpose of the visit is to provide an insight into the operations of thebusiness and its various departments and how they support the company's growthstrategy. For further information, please contact: Admiral 029 2043 4394Louisa Scadden Financial Dynamics 020 7269 7200Robert BailhacheDominick Peasley www.admiralgroup.co.uk About Admiral Admiral is a fast growing financial services intermediary with a track record ofprofitability. Admiral principally sells private motor insurance and ancillaryproducts, such as cover for breakdown, roadside assistance and legal expenses.Admiral markets directly to the public in the UK through its four core brands:Admiral, elephant.co.uk, Diamond, and Bell. The Group also offers customers online quotes through its brand Confused.com,the UK's first insurance aggregator. Unlike other brands, Confused.com does notsell insurance. Visitors to Confused.com's website fill out their details onceonline and Confused.com finds the cheapest quotes available on the internet fromits large panel of insurers. Admiral's motor insurance is underwritten primarily by third party insuranceproviders, with Admiral controlling all pricing and underwriting decisions andadministration. Admiral also retains a proportion (presently 25%, net of quotashare reinsurance) of the private motor underwriting for its own account. Admiral was admitted to the Official List of the London Stock Exchange on 28September 2004 following a Global Offer of Ordinary Shares to institutionalinvestors that was more than seven times subscribed. On 20 December 2004 theCompany became a constituent of the FTSE 250 index. The Ordinary Shares tradeunder the ticker symbol ADM.L. This information is provided by RNS The company news service from the London Stock Exchange