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Admiral posts COR of 88.7% for 2023

By 2024-03-07T12:41:00

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’2023 was a more encouraging year after a difficult 2022 for the industry,’ says UK chief executive

Admiral Group posted a combined operating ratio (COR) of 88.7% for 2023 – an eight percentage point improvement from 2022’s figure of 96.8%.

The group also reached £3.49bn in insurance revenues for the 12 months ended 31 December 2023, representing an 18% increase year-on-year from a previous figure of £2.96bn. 

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