Admiral staff, which include more than 7,000 in South Wales, will receive £1,800 of free shares on the strong trading performance in 2025
Chief executive of Admiral Milena Mondini de Focatiis.(Image: Matthew Horwood)
Car insurance to loans group and Wales’ only FTSE business, Admiral, has reported a 16% surge in pre-tax profit to £957.9m. The record performance sees 13,000 staff being rewarded with £1,800 worth of free shares under the group’s employee share scheme.
The Cardiff headquartered business employs more than 7,000 in South Wales.
For its 2025 financial year group turnover came in at £5.9bn, down 1% on 2024. While it said the UK car insurance market remained softer than expected a strong focus drove what it described as “excellent results” in its core business, with profits exceeding £1bn for the first time. Its car insurance business in Europe performed well with strong growth and profitability in France and what it described as a rapid recovery in Italy. Admiral, whose other lines includes pet and home insurance, also operates in Spain.
Admiral Money saw a 24% rise in its gross loan balances to £1.46bn, while contributing £26m to overall group profit – double the amount in 2024 Over 13,000 employees will each receive free share awards worth up to £1,800 under the employee share schemes based on the full year 2025 results.
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Admiral chief executive Milena Mondini de Focatiis, “2025 was an exceptional year for Admiral, reflecting the strength of our business model, our discipline and the quality of execution across the Group. We reported record profits, continued to grow our customer base and diversify our business, while maintaining momentum in how we invest and innovate.
“The group reported profit of £958m, up 16 per cent, supported by customer growth of 7%. UK Motor delivered an exceptional performance, surpassing £1bn of profit, while our other UK personal lines, Admiral Money and European Motor operations together generated nearly £100m of profit, with strong results in France and a rapid recovery in Italy.
“Our focus on customers remains central. Investment in our digital journeys, app functionality and product development continue to improve everyday experiences for customers, . This is reflected in consistently strong service outcomes.
“2025 was also a year of purposeful acceleration. We completed the integration of More Than, continued to enhance our product range and increased our investment in technology, data and artificial intelligence. We have established a GenAI Centre of Excellence to move from experimentation to scale, with early pilots showing encouraging signs of improved efficiency and enhanced customer outcomes.”
The results discount the impact of its US car insurance business, Elephant. Its acquisition by US private equity firm JC Flower was finalised last month. As part of its growth strategy Admiral last month acquired London-based digital fleet insurer Flock in a £80m deal
On the outlook the chief executive said: “As we refresh our strategy, our focus is on compounding Admiral’s strengths in data, technology, diversified products and operational excellence to drive greater efficiency, stronger customer retention and long‑term value creation, particularly through multi‑product relationships. Our strong financial position also provides flexibility to continue investing in the business and support future shareholder returns.
“At the start of 2026, we announced that Geraint Jones will retire as Group chief finance officer this summer. Geraint has made an outstanding contribution to Admiral and played a central role in shaping Admiral’s performance and culture. I am pleased he will continue to support the group in a part-time role, and I look forward to working with Rachel Lewis, who will become group CFO on July 1, bringing deep business knowledge, leadership and a proven track-record of delivery.
“Admiral enters the next phase of its strategy in a position of strength. Our culture, people and disciplined approach remain central to everything that we do and I would like to thank our colleagues across the Group for their continued commitment to our customers and to each other.”
