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  1. ITV Report

Admiral Insurance sees rise in profits but weather affects results

March's snow in Merthyr Tydfil. Credit: Ben Birchall/PA Wire/PA Images

Admiral has posted a rise in half-year profit as the insurer saw strong growth in customer numbers, despite the Beast from the East hitting its household arm.

The Cardiff-based group, which owns brands including Elephant and Confused.com, booked a 9% rise in pre-tax profit to £211 million in the six months to June 30.

Admiral's motor insurance division was behind the rise. Turnover grew while customer numbers were also up 14% to 6.23 million.

The results mean around 10,000 staff will each get £1,800 in free shares under Admiral's employee share scheme.

Admiral's UK household division swung to a £1.9 million loss versus a £1.6 million profit the year before as it was impacted by the 'Beast from the East'.