Admiral Group PLC AMIGY

FinancialsInsuranceUnited Kingdom

Last close 52.67 USD on Nov 2, 2026, +26.1% year to date

Quant rating

Quant rating A Rank 34 of 304 in Financials

Growth A 10 of 304
Valuation B 114 of 304
Quality B 119 of 304
Revisions B 83 of 304
Momentum B 52 of 304

Wall Street consensus Buy (2.43)Average target 53.80 USD +2.1%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 15.9B
Enterprise value: 18.3B
52-week range: 36.05 – 56.91
3-year range: 29.84 – 56.91
Dividend yield: 4.11%
Beta (5 years): 0.24
Shares outstanding: 305M
Next earnings: Mar 3, 2027

About the company

Admiral Group plc is a financial services provider offering motor, household, travel and pet insurance, as well as personal lending products. The Company's segment includes UK Insurance, European Insurance, Admiral Money and Other. The UK Insurance segment consists of the underwriting of motor, household, pet and travel insurance and other products that supplement these insurance policies within the United Kingdom. The European Insurance segment consists of the underwriting of car and home insurance and underwriting car insurance outside the United Kingdom. The Admiral Money segment provides consumer finance and car finance products in the United Kingdom, through the comparison channel, credit scoring applications and direct channels including car dealers and brokers. The Other segment includes Admiral Pioneer businesses. It is also a digital commercial fleet insurance provider with a telemetry-based proposition.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	6,696	5,306	4,588	3,841	1,995	–
Revenue growth	26.2%	15.6%	19.5%	92.6%	20.1%	32.2%
EPS (basic, normalized)	3.23	2.79	1.42	1.46	4.46	–
EPS growth	15.7%	96.6%	−3.1%	−67.2%	–	–
Gross margin	–	–	–	–	–	–
Net margin	14.5%	14.8%	9.1%	8.8%	37.7%	17.0%
ROE	53.0%	56.2%	34.7%	31.6%	79.2%	50.9%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Current ratio	–
Long-term debt (mil)	–
Net debt (mil)	–
Total equity (mil)	–
Net debt / equity	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			Book value per share			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	P/B	Mean est.	Growth	P/E
2025 actual	6,696	+26.2%	2.7x	6.29	+24.3%	8.4x	3.23	+15.7%	16.3x
2026	7,304	+9.1%	2.5x	6.90	+9.6%	7.6x	3.19	−1.3%	16.5x
2027	7,836	+7.3%	2.3x	8.20	+18.9%	6.4x	3.62	+13.7%	14.5x
2028	8,070	+3.0%	2.3x	9.49	+15.7%	5.5x	4.02	+10.9%	13.1x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	7,304	0.0%	−1.3%	−1.9%	3.19	+0.1%	+0.7%	+1.2%
2027	7,836	0.0%	+2.1%	+1.0%	3.62	−0.3%	+7.4%	+6.9%
2028	8,070	0.0%	+4.7%	+2.8%	4.02	−0.6%	+6.2%	+7.0%

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
	FQ-9	FQ-8	FQ-7	FQ-6	FQ-5	FQ-4	FQ-3	FQ-2	FQ-1	FQ0
Sales reported (mil)	–	–	–	–	–	–	–	–	–	–
Sales mean (mil)	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–
EPS reported	–	–	–	–	–	–	–	–	–	–
EPS mean	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–

FQ0 is the most recent reported quarter, FQ-1 the one before, and so on.

Peer comparison Insurance

Peers in the same industry group, by market capitalization
Company	Market cap	ROE	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 P/B	FY2 P/B
AMIGY Admiral Group PLC	15.9B	53.0%	14.5%	7.94x	16.5x	14.5x	7.6x	6.4x
PZAKY PZU SA	15.8B	19.8%	11.6%	1.81x	9.3x	8.7x	1.5x	1.4x
CRBD Corebridge Financial Inc	15.6B	19.8%	−2.1%	1.47x	4.5x	3.6x	0.6x	0.6x
CRBG Corebridge Financial Inc	15.6B	19.8%	−2.1%	1.47x	7.7x	6.1x	1.1x	1.0x
EG Everest Group, Ltd.	15.5B	12.8%	9.0%	1.10x	8.0x	6.8x	1.0x	0.9x
TDHOY T&D Holdings, Inc.	14.9B	9.2%	4.3%	1.38x	7.9x	5.8x	0.7x	0.7x
Mean		22.4%	5.9%	2.53x	9.0x	7.6x	2.1x	1.8x
Median		19.8%	6.7%	1.47x	7.9x	6.5x	1.1x	0.9x

Technical analysis

1M+8.0%
3M+5.3%
1Y+25.8%
3Y+104.6%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Admiral Group PLC, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Premiums earned	6,696	5,306	4,588	3,841	1,995	1,661
Other revenue	252	200	160	87.5	102	123
Total revenue	6,948	5,507	4,748	3,928	2,097	1,785
Losses, benefits and adjustments	5,345	4,191	3,937	3,311	450	401
Amortization of policy acquisition costs	–	–	–	–	90.0	81.2
Selling, general & administrative expenses	216	196	165	153	558	408
Interest expense (income), operating	32.9	33.8	26.1	16.3	18.5	19.6
Other operating expenses	63.9	52.8	56.9	12.5	18.0	45.9
Operating income	1,290	1,033	563	435	963	829
Net interest income (expense)	0.5	0.8	0.5	1.8	2.4	2.7
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0	0	0	0	0	0
Net income before taxes	1,291	1,034	564	437	965	832
Provision for taxes	286	219	134	91.8	176	145
Minority interest	0.4	0.5	1.0	1.5	1.6	1.4
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	1,005	815	430	347	791	688
Extraordinary items	−4.0	14.6	–	–	559	35.3
Net income	1,000	830	430	347	1,350	723
Basic weighted average shares (mil)	301	306	304	300	297	295
Diluted weighted average shares (mil)	307	306	305	302	298	295
Basic EPS, normalized	3.23	2.79	1.42	1.46	4.46	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Admiral Group PLC, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Total receivables	–	–	–	–	–	–
Prepaid expenses	–	–	–	–	–	–
Property, plant & equipment	108	110	115	109	140	192
Goodwill	151	140	79.3	75.4	–	85.2
Intangibles	290	261	230	188	205	105
Insurance receivables	86.4	63.9	347	227	530	1,337
Long-term investments	9,279	7,469	6,036	5,123	5,817	5,286
Note receivable	224	161	121	117	13.8	276
Other long-term assets	68.3	24.8	58.7	34.4	28.0	113
Deferred policy acquisition costs	–	–	–	–	–	37.3
Other assets	1,544	1,317	1,596	1,278	1,336	2,883
Total assets	12,156	9,939	9,033	7,511	8,573	10,723
Liabilities
Accounts payable	107	65.6	254	168	475	2,104
Payable/accrued	–	–	–	–	–	–
Accrued expenses	79.8	60.3	66.4	76.6	–	–
Policy liabilities	7,274	6,207	5,832	4,870	5,312	5,580
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	10.0	10.8	17.4	10.0	–	15.0
Long-term debt	2,531	1,733	1,524	1,233	1,050	816
Minority interest	0.4	0.8	1.3	1.5	3.1	14.6
Other liabilities	210	148	75.5	81.1	0	671
Total liabilities	10,212	8,225	7,770	6,439	6,840	9,201
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	0.4	0.4	0.4	0.4	0.4	0.4
Additional paid-in capital	17.6	16.4	16.7	15.8	17.7	17.9
Retained earnings (accumulated deficit)	2,014	1,822	1,380	1,279	1,714	1,503
Treasury stock	–	–	–	–	–	–
Other equity	−87.0	−124	−135	−223	0	0
Total equity	1,945	1,714	1,262	1,072	1,733	1,521
Total liabilities & shareholders' equity	12,156	9,939	9,033	7,511	8,573	10,723

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Admiral Group PLC, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	1,000	829	429	345	1,348	722
Depreciation, depletion & amortization	106	107	74.7	50.7	92.4	58.5
Deferred taxes	–	–	–	–	–	–
Non-cash items	697	518	387	276	−143	304
Changes in working capital	−1,215	−993	−536	−95.2	−1,023	−252
Cash from operations	588	462	355	577	275	832
Investing activities
Capital expenditures	−100	−77.2	−96.6	−119	−93.6	−58.9
Other investing cash flows	−28.2	−103	0	−2.9	618	0
Cash from investing	−128	−180	−96.6	−122	525	−58.9
Financing activities
Financing cash flow items	−102	−96.0	−44.7	−30.6	−27.3	−23.0
Cash dividends paid	−964	−463	−391	−796	−975	−582
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	617	236	217	313	239	−76.0
Cash from financing	−449	−323	−219	−514	−764	−681
Foreign exchange effects	−27.8	−8.0	31.6	−32.2	−7.2	3.3
Net change in cash	−16.8	−49.4	71.4	−91.6	28.4	95.7
Free cash flow	488	384	259	458	181	773

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

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Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.