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'Back in groove' Admiral hands £3,600 to staff

Mar 01, 2018 - City A.M.

ALMOST 10,000 Admiral staff were yesterday been handed a £3,600 special bonus each.

Full-year profits at the Cardiffbased insurer rose 43 per cent to £405m.

Chief executive David Stevens said it was "great to be back in the groove" of posting a 23rd year of record profits. Last year was only the second time the firm had reported a year-on-year fall in earnings.

Dividends were hiked by 11 per cent to 114p per share. The firm's 9,600 staff will receive their bonus in the form o...