Admiral Group Plc (AMIGF) Q4 2022 Earnings Call Transcript

Admiral Group Plc (OTCPK:AMIGF) This autumn 2022 Outcomes Convention Name March 8, 2023 4:00 AM ET

Firm Individuals

Milena Mondini – CEO

Geraint Jones – CFO

Cristina Nestares – CEO UK Insurance coverage

Adam Gavin – Deputy Head of Motor Claims

Costantino Moretti – Head of Worldwide Insurance coverage

Scott Cargill – CEO of Admiral Loans

Convention Name Individuals

Freya Kong – Financial institution of America

Ivan Bokhmat – Barclays

Darius Satkauskas – KBW

Faizan Lakhani – HSBC

Thomas Bateman – Berenberg

Will Hardcastle – UBS

Rhea Shah – Deutsche Financial institution

Milena Mondini

Good morning, everyone, and welcome to Admiral 2022 Full 12 months Outcomes. It is nice to have the ability to see a few of you in individual after 3 years of digital presentation. And for individuals who made it, thanks for making it regardless of the snow, the heavy snow.

Humorous sufficient, the final time we did the outcomes on this auditorium was the Beast from the East, and it was very difficult by way of strolling outdoors the auditorium. And simply to remain within the theme with this snow, you might discover this stunning setting of Christmas jumper within the image. However simply to take distance, don’t fret, this isn’t Admiral theme. It is simply Admiral Group world.

Now there is no such thing as a doubt that 2022 has been difficult — a difficult yr. There isn’t a hiding from that. In that context, we nonetheless delivered a strong set of efficiency — a strong set of outcomes, and we imagine we’re on a powerful footing for the longer term. As common, the crew and I’ll undergo the ends in element. Let me begin by supplying you with a little bit of a spotlight of 2022.

2022 was one other yr of macro uncertainty, dominated by excessive inflation throughout the market, mixed with opposed climate occasions. The market response varies throughout