Stock Analysis
Admiral Group (LON:ADM) Full Year 2024 Results
Key Financial Results
- Revenue: UK£4.81b (up 37% from FY 2023).
- Net income: UK£663.3m (up 96% from FY 2023).
- Profit margin: 14% (up from 9.6% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: UK£2.17 (up from UK£1.11 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Admiral Group Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) also surpassed analyst estimates by 18%.
The primary driver behind last 12 months revenue was the UK Insurance segment contributing a total revenue of UK£3.96b (82% of total revenue). Notably, cost of sales worth UK£2.91b amounted to 61% of total revenue thereby underscoring the impact on earnings.Explore how ADM's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Insurance industry in the United Kingdom.
Performance of the British Insurance industry.
The company's shares are up 4.2% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Admiral Group has 2 warning signs (and 1 which shouldn't be ignored) we think you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About LSE:ADM
Admiral Group
A financial services company, provides insurance and personal lending products in the United Kingdom, France, Italy, Spain, and the United States.
