Ad­mi­ral prof­its up by a third after fall in crashes

The Daily Telegraph - Business - - Business -

Car in­surer ad­mi­ral was one of the win­ners from lock­down as a fall in traf­fic ac­ci­dents helped boost its prof­its by al­most a third. Sales fell 4pc from a year ear­lier to £1.7bn after fac­tor­ing in the £97m cost of of­fer­ing a £25 “stay at home” re­bate to UK mo­tor in­sur­ance cus­tomers dur­ing lock­down. This was more than off­set by a fall in claims as drivers clocked up fewer miles.

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