Admiral Group has reported profit before tax of £309.8m for the six months ended 30 June 2024. This is an increase of 32% on the same period last year. Insurance revenue was up by 38% to £2.21bn and the number of UK insurance customers increased by 17% to 8.23 million.

Milena Mondini de Focatiis, group chief executive officer at Admiral, said: “We have delivered a strong set of results in the first half, growing profits, revenues and customer numbers, demonstrating our resilience and agility in changing market dynamics.”

He added: “Our group turnover increased 43% to £3.2bn and group profit has increased by 32% to £310m, led by strong UK Motor performance. We maintained a strong capital position with a solvency ratio of 198% after a higher interim dividend per share of 71p.”