Admiral to hand share bonuses worth up to £3,600 to thousands of staff after price cuts woo drivers

Published on: March 6, 2025

By DAILY MAIL CITY & FINANCE REPORTER

Updated: 22:01 GMT, 6 March 2025

Admiral will dish out share bonuses worth up to £3,600 to thousands of staff members after reeling in more car insurance customers by cutting prices.

The company reported a 90 per cent rise in annual profits to £839.2million for 2024.

Inflation eased at the start of the year and Admiral cut prices ahead of rivals.

Car insurance customers surged 15 per cent to a record 5.7m.

Milena Mondini de Focatiis, Admiral chief executive, said: ‘When we saw conditions improve we were quick to respond.’

It announced that more than 13,000 employees will get free share awards worth up to £3,600 through its profit-share scheme.

Profits up: Admiral, led by boss Milena Mondini de Focatiis (pictured), will dish out share bonuses worth up to £3,600 to thousands of staff members

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Admiral to hand share bonuses worth up to £3,600 to thousands of staff after price cuts woo drivers

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Read more at DailyMail.co.uk

Admiral to hand share bonuses worth up to £3,600 to thousands of staff after price cuts woo drivers