COMPANY PROFILE -Admiral Group plc
Business Sector :Insurance
Operating Geography :United Kingdom, Europe, Global
About Admiral Group plc :
Admiral Group plc, based in Cardiff, Wales, is a British financial services company. It markets the Admiral, Bell, Elephant, Diamond, and Veygo vehicle insurance brands, as well as launching the price comparison services Confused.com and Compare.com. It is a constituent of the FTSE 100 Index. The London Stock Exchange is where it is traded. The company employs over 10,000 employees, across their brands at their offices in the UK, Spain, Italy, France, USA, Canada and India. The group is a very lucrative and rapidly expanding financial services firm, having organic growth. In 1991, the Brockbank Group established the company as a division. Henry Engelhardt spearheaded a management buyout of Admiral Group from Brockbank Group, funded by Barclays Private Equity, in November 1999. Admiral went public on the London Stock Exchange on September 23, 2004. Admiral Group became the highest valued public business in Wales as a result of the float, which was the largest capital raise for a Welsh company ever. At the Insurance Times Awards in 2020, Admiral was named Direct to Consumer Business of the Year. The Industry Achiever Award was also given to CEO David Stevens. Admiral is ranked 4th in the UK's Best Workplaces list for 2022.
The USP of Admiral Group is that it is one of the leading insurance providers in the UK. The mission statement of the Admiral Group reads, "Our purpose is to help more people to look after their future.” While its vision statement is "Always striving for better together."
Admiral Group plc Revenue :
£ 3.51 billion – as of March 2021
£ 3.37 billion – as of March 2020
Competitive Analysis of Admiral Group plc
The SWOT analysis for Admiral Group is presented below in a matrix followed by the detailed analysis report:
Strengths | Weaknesses |
1. Firmly established in UK’s insurance market
2. Successful risk management abilities
3. Robust financial performance despite the COVID-19 pandemic
4. Strong global customer base
5. Delivering against strategy during pandemic
| 1. Significant gender pay gap where >50% workers are female |
Opportunities | Threats |
1. Technological growth using data analytics, artificial intelligence
2. Portfolio diversification to avoid overdependence on core business
3. Cyber insurance is increasingly popular providing new ventures
4. Modeling estimates by actuaries using pandemics
5. RBC analysts estimate loss of nine months life expectancy in UK which will increase profit | 1. The COVID-19 pandemic clouds long-term economic recovery
2. Inflationary pressures on finances squeezing real income in UK
|
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Detailed SWOT Analysis of Admiral Group plc
Strength
1. Firmly established in UK’s insurance market: Launched in 1993, Admiral Group Plc. currently has 11,000+ employees and 7 million customers, with its consumer base spread across three continents. It is one of the largest players in the insurance market in the United Kingdom, with a market cap of £ 9.32B. Providing insurance under many heads, they have also launched price comparison websites and other fledgling businesses in France, Italy and Spain. The road to the FTSE100 index has been relatively quicker than its rivals, say, Lloyd’s. The Group constantly innovates and pushes technology-forward solutions using data analytics, artificial intelligence, etc. in its new ventures such as Admiral Financial Services.
The remaining section under "Strength" is available only in the 'Complete Report' on purchase.
Weakness
This section is available only in the 'Complete Report' on purchase.
Opportunity
This section is available only in the 'Complete Report' on purchase.
Threat
This section is available only in the 'Complete Report' on purchase.
The PESTLE analysis for Admiral Group plc is presented below in a table followed by the detailed analysis report:
Political | Economical |
1. Political instability over UK PM may impact economy
2. National insurance hike in next budget may affect business
| 1. Economic recovery back to pre-pandemic levels in November
2. Inflationary pressures in UK squeezing real income
3. Omicron variant threatens reversal of bounce-back
|
Social | Technological |
1. Reduced life expectancy of UK citizens
| 1. Increasing attention paid to data analytics and AI by businesses
2. Digital base to provide easy accessibility to customers
|
Legal | Environmental |
1. Insurance renewal reforms since January 2022 may impact volume of renewals | 1. Sustainability Report of businesses to attract increasingly climate-conscious investors
2. Focus on ESG corporate policy to tackle climate change
|
Admiral Group plc SWOT & PESTLE Analysis PDF Report is a custom report and will be delivered to your email inbox within 2 business days from purchase.
Detailed Pestle Analysis of Admiral Group plc
Political
This section is available only in the 'Complete Report' on purchase.
Economic
This section is available only in the 'Complete Report' on purchase.
Social
This section is available only in the 'Complete Report' on purchase.
Technological
This section is available only in the 'Complete Report' on purchase.
Legal
This section is available only in the 'Complete Report' on purchase.
Environmental
1. Sustainability Report of businesses to attract increasingly climate-conscious investors: The Paris Agreement (2015) and COP26 in Glasgow (2021) have emphasized the need for undertaking climate-conscious reforms by corporates and governments. In this light, the concept of a Sustainability Report or a Business Responsibility Report has been created. The report highlights the efforts made by the firm to achieve the Sustainable Development Goals of the United Nations to avert any climate-related disaster. Moreover, for overall development of the business as a valuable workplace, the report acts as a substitute for the Corporate Responsibility Report. Admiral Group plc, in their first Sustainability Report of 2020, has included diversity & inclusion, protecting the environment, health & safety, and staff learning, to name a few. The efforts of the firm to achieve the SDGs, assisted them to be ranked 14th in World’s Best Workplaces 2020 and pay 110 million pounds to their customers in the UK in a premium rebate.
The remaining section under "Environmental" is available only in the 'Complete Report' on purchase.
Major Brands :
- Admiral
- Gladiator
- Bell
- Elephant
- Diamond
- Veygo
- Admiral Loans
- Homebrella
- L’olivier Assurance
- Apparent Insurance
- Balumba
- Compare.com
- Qualitas Auto
Admiral Group plc SWOT & PESTLE Analysis PDF Report is a custom report and will be delivered to your email inbox within 2 business days from purchase.
TABLE OF CONTENTS
DELIVERY AND FORMAT
WHY CHOOSE US?
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Admiral Group plc Covid-19 Impact Analysis |
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Admiral Group plc BCG Analysis |
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Admiral Group plc Segmentation, Targeting and Positioning (STP) Analysis |
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Admiral Group plc Ansoff Matrix Analysis |
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Check Out Analysis of Other Relevant Companies
References used in Admiral Group plc SWOT & PESTLE Analysis Report
1. Annual Report - https://admiralgroup.co.uk/sites/default/files_public/annual-report/2021/03/2020-full-year-results-annual-report.pdf
2. Here’s the Gender Pay Gap at 10,000 U.K. Employers - https://www.bloomberg.com/graphics/2021-uk-gender-pay-gap/?sref=QF6yuiF0
3. Cyber insurance: Companies buying higher sum insured, wider covers despite big rise in premium - https://www.financialexpress.com/money/insurance/cyber-insurance-companies-buying-higher-sum-insured-wider-covers-despite-big-rise-in-premium/2399501/
4. To save his leadership, Boris Johnson must scrap the National Insurance increase - https://www.telegraph.co.uk/opinion/2022/01/15/save-leadership-boris-johnson-must-scrap-national-insurance/
5. UK economy back to pre-pandemic levels in November - https://www.theguardian.com/business/2022/jan/14/uk-economy-back-to-pre-pandemic-levels-in-november
The detailed complete set of references are available on request in the 'Complete report' on purchase.
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Admiral Group plc SWOT and PESTLE analysis has been conducted by Riti Bhattacharyya and reviewed by senior analysts from Barakaat Consulting.
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