Admiral Group Income Statement

Financials in millions GBP. Fiscal year is January - December.

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Premiums & Annuity Revenue	4,536	4,235	3,151	2,680	855
Total Interest & Dividend Income	245.2	198.2	153.5	85	83.4
Gain (Loss) on Sale of Investments	6.1	-6.3	2.5	1.8	-4.2
Other Revenue	233.5	188.6	204.4	256.3	619.3
Total Revenue	5,020	4,616	3,511	3,023	1,554
Revenue Growth (YoY)	8.77%	31.45%	16.15%	94.60%	19.07%
Policy Benefits	2,667	2,531	1,958	1,695	332.3
Policy Acquisition & Underwriting Costs	234.8	236.5	182.5	174.2	-
Selling, General & Administrative	75.9	56.1	55.3	53	479
Other Operating Expenses	929.6	838.3	763.8	694.6	-
Total Operating Expenses	3,980	3,725	3,022	2,637	822
Operating Income	1,040	890.1	489.7	385.8	731.5
Interest Expense	-82.7	-64.2	-47.3	-26.1	-19.8
Other Non Operating Income (Expenses)	0.4	0.6	0.4	1.5	1.8
Pretax Income	957.9	826.5	442.8	361.2	713.5
Income Tax Expense	212.6	175.3	105.6	75.9	130.2
Earnings From Continuing Ops.	745.3	651.2	337.2	285.3	583.3
Earnings From Discontinued Ops.	-3	11.7	-	-	413.4
Net Income to Company	742.3	662.9	337.2	285.3	996.7
Minority Interest in Earnings	0.3	0.4	0.8	1.2	1.2
Net Income	742.6	663.3	338	286.5	997.9
Net Income to Common	742.6	663.3	338	286.5	997.9
Net Income Growth	11.96%	96.24%	17.98%	-71.29%	88.71%
Shares Outstanding (Basic)	301	306	304	300	297
Shares Outstanding (Diluted)	307	306	305	302	298
Shares Change (YoY)	0.29%	0.41%	1.16%	1.07%	1.12%
EPS (Basic)	2.46	2.17	1.11	0.95	3.35
EPS (Diluted)	2.42	2.17	1.11	0.95	3.35
EPS Growth	11.63%	95.44%	16.63%	-71.60%	86.72%
Free Cash Flow	362.2	307.3	203.1	378.3	234
Free Cash Flow Per Share	1.18	1.00	0.67	1.25	0.78
Dividend Per Share	1.587	1.427	0.734	0.817	1.301
Dividend Growth	11.21%	94.41%	-10.16%	-37.20%	9.70%
Operating Margin	20.72%	19.29%	13.95%	12.76%	47.09%
Profit Margin	14.79%	14.37%	9.63%	9.48%	64.24%
Free Cash Flow Margin	7.22%	6.66%	5.78%	12.51%	15.06%
EBITDA	1,056	902.9	500.9	395.9	744.9
EBITDA Margin	21.03%	19.56%	14.27%	13.10%	47.95%
D&A For EBITDA	15.6	12.8	11.2	10.1	13.4
EBIT	1,040	890.1	489.7	385.8	731.5
EBIT Margin	20.72%	19.29%	13.95%	12.76%	47.09%
Effective Tax Rate	22.19%	21.21%	23.85%	21.01%	18.25%
Revenue as Reported	-	-	-	-	1,550

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.