Admiral Group has reported a profit before tax of £521m for the first six months of 2025, up by 69% on the £307.6m reported in the same period last year. The carrier said insurance revenue was up by 18% to £2.47bn and that its number of insurance customers in the UK had increased by 13% to reach 9.3 million people.

Milena Mondini de Focatiis, group chief executive officer at Admiral, said: “We have delivered another excellent first half with strong execution across all strategic objectives. Group profit increased 69% to a record £521 million. We have an additional one million customers across our diversified businesses compared to this time last year, due to our focus on offering competitively priced cover and excellent service across our diversified businesses.

“In the UK, car insurance prices have been falling for the last 18 months due to softer inflation. Our disciplined approach to pricing and growth means that we reported a great performance across the board.

“Our UK Motor business increased its profit by 56% and the UK Household and Admiral Money businesses continued to grow, more than doubling their respective profit. In Europe, we saw good progress with growth in France and Italy close to restoring profitability.”