Free shares galore – again – for Admiral staff following record profit

Meanwhile dividend to be paid in May

Free shares galore – again – for Admiral staff following record profit

Insurance News

By Terry Gangcuangco

Just like it did in the previous year, Welsh insurer Admiral Group is again handing out £3,600 worth of free shares to happy workers following its record group profit before tax of £479.3 million for 2018.

The enterprise has announced that around 10,000 staff will each receive the amount in the form of shares as part of its employee share scheme. It’s perhaps no wonder that Admiral is this year’s best big company to work for in the UK, according to the annual awards by The Sunday Times.

Not only has it topped the list but it has also managed to make it to the rankings every year, without fail, since the first edition in 2001.

Meanwhile the company’s directors have proposed a final dividend of 66 pence per share – up from 58 pence in 2017 – which will be paid on May 31.

“I’m delighted that the group has reported another year of record profit, and just as delighted that Admiral has been voted as Best Large Company to Work for in the UK by The Sunday Times,” commented chair Annette Court.

“This is an endorsement of our distinctive culture, where the dedication and passion of our people are key to ensuring the best possible service for our customers and delivering another year of strong results.”

 

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