Admiral Share Discussion Threads

[pj84] 11/1/2024 19:58

Yes, you only have to look at credit card interest rates even when the base rate was at historic lows or store cards etc.

[bountyhunter] 11/1/2024 17:37

Yes could be related to APR rates for installments but given the lack of specifics the reaction here seems to be overdone. High APR rates are the norm more often than not for installment payments for many consumer products not just insurance.

[ldavis] 11/1/2024 09:39

They do, at a price. I'm guessing the issue is with the apparent APR for paying by installments. Which will affect those who can least afford it the most.

As city1911 says, the performancen of policies paid by installments is probably worse, not neccessarily due to fraudsters but from people having claims in the early months then not paying the remaining installments. It's also those with the higher premiums (and hence probably higher risk) who are liley to pay by installments.

[city1911] 11/1/2024 09:35

However what is wrong that customers who are eligible pay the same APR rate for instalments regardless of their credit rating

[city1911] 11/1/2024 09:20

Not sure what your point is? Not everyone can afford to pay in one lump sum. My point was that policies paid by instalments generally perform worse. Some customers purposely pay in instalments if eligible knowing the repercussions of being fraudulent if they pay in one lump sum

[bountyhunter] 10/1/2024 18:54

Most insurers would allow both payment methods surely.

[city1911] 10/1/2024 18:33

I would argue that policies paid by instalments perform worse than policies paid in one lump sum.Fraudsters for example generally pay by instalments knowing that if they have a claim rejected for fraud they do not have to pay any further instalments and just get the policy cancelled. They then move onto the next insurer and try do the same

[bountyhunter] 10/1/2024 17:32

Seems a bit of an overreaction to me.

[ccnp] 10/1/2024 12:31

legal, regulated loan sharks

'outliers' is also the term used by Govt Cert Statisticians to remove any result that is at variance with their personal and political views after a survey conducted to agreed, acceptable standards of honesty

[bountyhunter] 10/1/2024 12:27

Found it, not that I understand the potential implications..



premium finance outliers?

[city1911] 10/1/2024 12:21

Interview with the FCA in the insurance post regarding premium finance. Has effected all insurance stocks

[bountyhunter] 10/1/2024 11:19

What's spooked this today?

[bountyhunter] 22/12/2023 10:37

That makes a lot of sense, a downgrade raising their target price! These analysts make me laugh. I guess they could see that their previous target of £25.43 is already looking ridiculous.

[pj84] 22/12/2023 09:50

Strangely Berenberg downgrades Admiral from buy to hold on concerns about it's complex accounting and already high valuation whilst at the same time increasing it's share price target from £25.43 to £29.61.

[bountyhunter] 14/12/2023 17:55

A bit of a damp squib today in a bouyant market.
Never mind I've got post #1000, it must be my lucky day! ;-)

[glavey] 16/8/2023 09:09

Too early to judge, I feel. Give it a while...

[bountyhunter] 16/8/2023 08:12

Yes, e.g. customer numbers up :)

[deadly] 16/8/2023 08:08

Profits down 5% and divi down 15%, but other metrics up.
Obviously better than market expectations which must have been low.

[bountyhunter] 16/8/2023 06:52

Results not bad?
Interim dividend of 51.0 pence per share representing a normal dividend (65% of post-tax profits) of 38.0 pence per share and a special dividend of 13.0 pence per share. The interim dividend will be paid on 6 October 2023. The ex-dividend date is 7 September 2023 and the record date is 8 September 2023.

[deadly] 03/8/2023 09:45

Tender offer's majority acceptance seems to have gone down well.

[deadly] 28/7/2023 19:02

Down 5% today. This is behaving like an AIM stock.

[deadly] 25/7/2023 13:09

Recovering well now.

[bountyhunter] 29/6/2023 12:31

I don't think it's the company it's the sector.

[volsung] 29/6/2023 06:18

I mind the day this used to be a good company