| Type | Public (LSE: ADM) |
|---|---|
| Industry | Insurance |
| Founded | 1993 |
| Headquarters | Cardiff, Wales, UK |
| Key people | Alastair Lyons, Chairman Henry Engelhardt, Founder/CEO |
| Revenue | £870.3 million (2011)[1] |
| Operating income | £299.1 million (2011)[1] |
| Net income | £221.3 million (2011)[1] |
| Website | www.admiralgroup.co.uk |
Admiral Group plc (LSE: ADM) is a motor insurance company with its head office in Cardiff, Wales. Listed on the London Stock Exchange, it is a constituent of the FTSE 100 Index.
|
Contents
|
In 1990, a managing agent at Lloyd’s called Hayter Brockbank chose Admiral Group’s current CEO, Henry Engelhardt, to head up a new operation and formulate its business plan.[2]
In November 1999, Engelhardt led a management buy-out of Admiral Group from the Brockbank Group backed by Barclays Private Equity.[3] On 23 September 2004, Admiral floated on the London Stock Exchange.[3] Admiral Group plc announced the pricing of its initial public offering at an Offer Price of 275 pence per existing ordinary share. Based on the Offer Price, the market capitalisation of Admiral at the commencement of dealings on the London Stock Exchange was £711 million.[4]
Admiral Group operates under a number of brands in the UK:
It also operates under a number of brands outside the UK:
|
|||||
This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)