Because I'm feeling mischievous

[mercfunder]

http://www.walesonline.co.uk/business-in-wales/bus...

Not a bad profit for 6 months.

[Captain Muppet]

Look at his face.



Massive smug hateful face.

[McHaggis]

British company in highly competive market is successful and shares sucess with workers in profit shocker?

[zeduffman]

"Admiral said that in its core UK car insurance market, there has been a “marked change” in 2012, with premium rates falling and competitors seeking to add market share."

Sounds like someone shoved the microphone in the wrong hole.

[J4CKO]

That is terible, a motor insurance charity making profits and looking after employees whilst providing an optional* service in a competetive marketplace.

• optional as in nobody forces you to own a car.

[stuckmojo]

but, but, but dont' all car insurance companies make at least 20% losses all the time due to chavs faking neck injuries which is why rates have to go up for all?

[Jamie VTS]

J4CKO said:

That is terible, a motor insurance charity making profits and looking after employees whilst providing an optional* service in a competetive marketplace.

• optional as in nobody forces you to own a car.

We are however forced to get raped by insurance companies if we should choose of our own free will to own a car.

[McHaggis]

Nope. It's a free market with many providers; plenty of demand and plenty of supply. The broken bit is the hire car/whiplash/claims mentality and fraud that is loading premiums.

Admiral had a good year and made, what, 16% EBITDA? Not exactly gold mine of the year....

Edited by McHaggis on Thursday 30th August 16:15

[Shaw Tarse]

Who does zollar work for?

[surveyor]

Obviously they don't make money on car insurance....

[blindswelledrat]

stuckmojo said:

but, but, but dont' all car insurance companies make at least 20% losses all the time due to chavs faking neck injuries which is why rates have to go up for all?

THis was my first reaction. Premiums have gone through the roof in the middle of the worst economic times in living memory and a with a fact like his is profiteering and lying.
Grrr