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Click on slide image to zoom. Click below to:Introduction
Group
Highlights
Imminent Ogden rate change favourably impacts 2018 results
Continued growth across the Group
Higher Group profit on 0% and -0.75% Ogden bases
Very strong capital position maintained, internal model delayed
Higher profit + Ogden + strong capital position = higher final dividend
UK Motor loss ratios –Positive back years, less positive 2018
UK Motor loss ratios –Positive back years, less positive 2018
UK Motor loss ratios –Positive back years, less positive 2018
Substantial UK motor reserve release, boosted by Ogden
Group key messages
UK Insurance
UK Insurance – Summary
UK Motor market outlook
Claims inflation continues
Admiral continues to build on our strengths
Admiral continues to build on our strengths
Household results impacted by weather
Household continues to grow and improve efficiencies
UK Insurance summary
EU Insurance
European Insurance - Strong growth
European Insurance – First year of profit!
European Insurance – Solid loss ratio
European Insurance – Expense ratio improvements
Price Comparison – Substantial profit improvement at Confused.com
Price Comparison – Investment in product development
EU Insurance and Price Comparison summary
US Insurance
Elephant business continues to grow while reducing losses
Overall delivering closer to market performance, and even outperforming the market in Texas
Refined strategy has strengthened shift towards higher retaining customers to create long-term value
Brand strategy is supporting growth, with only a small percentage of sales through price comparison
Expense ratios are converging to market
US Insurance summary
US Price Comparison and Loans
Compare.com
Loans stock balances
The Future
Summary
Q&A
Q&A
Q&A
Q&A
Q&A
Q&A
Q&A
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Q&A
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