Admiral Insurance, headquartered in Cardiff, has reached a significant milestone of 20 years as a listed company on the London Stock Exchange. Established in 1993 with a focus on selling car insurance over the phone, the company made its debut on the London Stock Market in 2004, with an initial market capitalisation of £771m. At that time, Admiral had a workforce of 1,500 in south Wales and had just hit the milestone of serving one million motor insurance customers in the UK.
Since then, Admiral has experienced remarkable growth, with its market capitalisation now standing at £8.6bn. The company boasts a global workforce of nearly 13,000 employees, with around 7,000 based in south Wales alone. Admiral joined the prestigious FTSE 100 in December 2007 and has maintained its position in the top 50 companies ever since. Over the past two decades, Admiral has expanded its customer base globally to over 10 million.
Employees at Admiral have benefitted from the company’s success, receiving free shares based on strong performances year after year. To commemorate its 20th anniversary on the London Stock Exchange, Admiral Group held a special event at the exchange, closing the market for the occasion.
Admiral’s Chief Executive, Milena Mondini de Focatiis, expressed pride in the company’s achievements over the years, acknowledging the hard work and dedication of its employees in providing excellent service to customers. She extended gratitude to customers, employees, and shareholders for their ongoing support and looked ahead to the next 20 years of growth and success.
With offices in several countries including Canada, France, and the US, Admiral continues to expand its global presence. In 2023, the group reported revenues of £4.81bn, with a strong performance expected for 2024 based on record half-year numbers.
As Admiral celebrates its 20-year milestone on the London Stock Exchange, the company reflects on its journey from a small start-up to a global player in the insurance industry. With a focus on customer service and employee satisfaction, Admiral looks forward to the next chapter of its success story.