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Admiral’s Sales Rise 56% on Low-Cost Motor Insurance Demand
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Admiral Group Plc, the U.K. car insurer that owns the confused.com website, said first-quarter sales rose 56 percent as demand for low-cost car insurance increased.
Revenue climbed to 539 million pounds ($884 million) in the three months to March 31, compared with 345 million pounds a year earlier, the Cardiff, Wales-based firm said today in a statement. The stock climbed 2.1 percent to 1697 pence at the close in London, the most in more than a fortnight, valuing the firm at about 4.6 billion pounds.