Admiral marks a notable milestone, celebrating two decades as a listed entity on the London Stock Exchange. The organisation, which began as a motor insurance provider, has evolved significantly since its inception.
From its modest beginnings in 1993, Admiral has grown to become a global player in the finance and insurance sectors, reflecting a remarkable journey of growth and success.
Founded in 1993, Admiral initially sold car insurance over the phone. Its early years were marked by rapid growth, culminating in its flotation on the London Stock Exchange in 2004. At that point, Admiral had already achieved significant milestones, including a market capitalisation of £771 million and a workforce of 1,500 in South Wales.
Since its flotation, Admiral has continued to grow, achieving a market capitalisation of £8.6 billion today. This growth is mirrored by its expanding workforce, which now includes nearly 13,000 employees worldwide, with approximately 7,000 based in South Wales. Notably, Admiral became a FTSE 100 company in December 2007 and is currently ranked in the top 50.
This approach has fostered a strong culture of ownership and commitment among its workforce, contributing significantly to the company’s sustained success over the years.
In 2023 alone, the group generated revenues of £4.81 billion, with an even stronger performance so far in 2024, marked by record half-year numbers.
Under her leadership, Admiral looks forward to the next two decades with a focus on sustaining growth and continuing to meet the needs of its global customers.
Events like these are significant as they recognise the collective achievement of the company’s employees, stakeholders, and customers who have been integral to Admiral’s journey.
Looking ahead, Admiral’s focus will remain on innovation, customer satisfaction, and sustainable growth, ensuring it remains a key player on the global stage.
Admiral’s 20-year journey on the London Stock Exchange stands as a testament to its growth, resilience, and strategic vision.
The company’s commitment to its employees, customers, and shareholders has been pivotal in its success, promising a bright future ahead.
