Interim Management Statement

Admiral Group plc
28 April 2009
Interim Management Statement

Admiral Group plc ('Admiral' or 'the Group') today releases its
Interim Management Statement covering the period 1 January to 28
April 2009.  Unless otherwise stated, figures quoted are for the
quarter ended 31 March 2009, with comparatives reflecting the
position compared against the same quarter in 2008.

Comment from Henry Engelhardt, Chief Executive

I'm happy to report that nothing significant has changed since our
2008 full year results and that performance in the first quarter of
2009 is as we had expected.

Against a backdrop of price increases in the UK motor market Admiral
increased premium rates whilst simultaneously growing the number of
vehicles we insure by 16% year on year.  The ancillary income per
vehicle was maintained at £70.

Our international insurance operations have made steady progress
since our last report.  We are also making good progress in preparing
for the launch of our US insurance operation before the end of Q1
2010.

We are delighted that Rastreator, our new price comparison business
in Spain, launched successfully at the end of March.

Furthermore, our financial position remains strong. Our conservative
investment strategy coupled with a debt free balance sheet continues
to serve us very well.

Group highlights

  * Group turnover* year to date increased by 18% v Q1 2008 to £270m
  * Number of customers increased 18% to 1.85m
  * UK vehicles insured rose 16% to 1.67m
  * UK ancillary contribution per vehicle maintained at £70
  * Confused.com turnover increased 8%, margins remain under pressure
  * Investment return on sterling funds invested of 2.2%
  * Turnover from non-UK car insurance at £16m, with 95,000 vehicles
    insured

* Turnover is defined as total premiums written (including
co-insurers' shares) and other revenue.

Further information

For further information please contact:


Financial Dynamics        0207 269 7200
Rob Bailhache

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