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Admiral Group (LSE:ADM) Cash, Cash Equivalents, Marketable Securities


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Admiral Group (LSE:ADM) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Admiral Group PLC (LSE:ADM) » Definitions » Cash, Cash Equivalents, Marketable Securities
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Address
David Street, Ty Admiral, Cardiff, GBR, CF10 2EH
Admiral is a personal lines insurance company that operates predominantly in the United Kingdom. The business is mainly a motor insurer, with U.K. motor and international cars accounting for the majority of Admiral's gross written premium. The business also has a nascent but growing U.K. household insurance division. Admiral was established in 1993 to sell motor insurance to nonstandard risk policyholders. These nonstandard risks included younger drivers, female drivers, drivers wanting to pay by credit card, and drivers based in London. Over the years, Admiral has continued to expand its wheelhouse of nonstandard risk selection.