Admiral Group PLC (LSE:ADM)
£ 27.09 0.17 (0.63%) Market Cap: 8.03 Bil Enterprise Value: 8.93 Bil PE Ratio: 24.59 PB Ratio: 8.14 GF Score: 68/100
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Full Year 2019 Admiral Group PLC Earnings Call Transcript

Mar 05, 2020 / 11:00AM GMT
Release Date Price: £22.38 (+2.61%)
David Stevens
Admiral Group plc - CEO & Director

Great. I think we're at 11:00, so we'll kick off. Good morning. Thank you for coming to Admiral's 2019 full year presentation. Sorry about the late change of timing. It was to accommodate the Aviva results presentation. And thank you to the ABI for hosting.

This morning, Admiral announced that I've given notice of my intention to step down as group CEO in 12 months time. Now is not the time for valedictory comments of any length, but I'll briefly touch on why now, and there are 2 reasons. One reason, that I learned from my predecessor that it's better to go when people are asking why now and why not sooner. And the other reason is beside me on the podium here, a senior management team that deserves the credit for much of the good things that have happened over the last few years at Admiral and is more than ready to step up into a bigger role, led by the very talented Milena Mondini, who will be a brilliant group CEO when she takes over until the 12 months time.

So that team is going to talk today. Geraint will pick up the key numbers

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