Insurance firm Admiral's pre-tax profits at 拢357m
- Published
In January the firm began recruiting 280 people for new jobs at its offices in Cardiff, Swansea and Newport
Welsh-based insurer Admiral has announced pre-tax profits of 拢357m for the year to December 2014.
Group turnover was 拢1.97bn compared with 拢2.03bn in 2013.
Chief executive Henry Engelhardt said: "For the first time since we went public, Admiral Group did not post a record profit, but we still made a lot of money."
About 7,000 staff will each receive 拢3,000 in the company's employee share scheme based on the full year results.
The firm has created 280 new jobs in Cardiff, Swansea and Newport this year.
- Published21 January 2015
- Published5 March 2014
