The story
Founded by Henry Engelhardt in 1991.1
The business started as a division of the Brockbank Group in 1991. In November 1999, Henry Engelhardt led a management buy-out of the Admiral Group from the Brockbank Group backed by Barclays Private Equity. On 23 September 2004, Admiral floated on the London Stock Exchange.
In September 2004, the Admiral Group plc announced the pricing of its initial public offering, at an offer price of 275 pence per existing ordinary share. Based on the offer price, the market capitalisation of Admiral at the commencement of dealings on the London Stock Exchange was £711 million.
On 13 May 2015, it was announced that Engelhardt, would step down as CEO, and be replaced in 2016 by David Stevens, the COO.
On 1 January 2021, David Stevens stepped down as CEO to be replaced by Milena Mondini de Focatiis.
In April 2021, Admiral finalised the sale of interests, that included its Cardiff-based price comparison firm Confused.com, to RVU for proceeds of £508m.
In December 2023, Admiral agreed to acquire RSA Insurance UK's home and pet insurance business, including the 'More Than' brand, in a deal worth up to £115 million. The acquisition was completed in April 2024.
Admiral entered the United States market in 2009 with Elephant Insurance, a direct motor insurer based in Richmond, Virginia, which also sold home, renters, motorcycle and life cover in eight states. In April 2025 the group agreed to sell the business, comprising Elephant Insurance Company and Elephant Insurance Services, to the private investment firm J.C. Flowers & Co. for an undisclosed cash consideration representing approximately the net asset value of Elephant, saying the sale would allow it to focus on the United Kingdom and mainland Europe. The sale was completed with effect from 31 December 2025.
In February 2026, Admiral announced an agreement to acquire commercial fleet insurer Flock for £80 million, subject to regulatory approval.
From Wikipedia’s article on Admiral Group, shared under CC BY-SA 4.0.6