Car insurance to loans group Admiral has reported a record half year financial performance with 13,000 staff being rewarded with free shares with a value worth up to £1,800.

Following record revenues and profit for full year 2024, the Cardiff headquartered venture and Wales' only FTSE 100 business, maintained a strong upwards trajectory in the first half of this year.

Admiral, which employs more than 7,000 in South Wales but also has insurance businesses in Spain, Italy and France, posted a 69% rise pre-tax profits from continuing operations (not including its US car insurance business which is being sold to J.C. Flower) from £307.6m in the first half of 2024 to £521m.

Its UK insurance business (mainly car, but also with other lines like pet) performed strongly adding more than a mill

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