British insurer Admiral's first-half profit rises 4 pct

August 17, 2016 6:22 AM

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Aug 17 Admiral Group Plc posted a 4 percent rise in first-half pretax profit, just shy of estimates, and said market volatility around Britain's vote to leave the European Union impacted the insurer's solvency ratio.

The motor insurer, which owns UK price comparison site and U.S. site as well as the Elephant, Diamond and Bell brands, said statutory pretax profit rose to 189.5 million pounds ($247.1 million) in the six months ended June 30.

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