'Not much changes in three months,' says boss Henry Engelhardt

Admiral's group turnover has increased by 22% to £294m, the company reported In an interim management statement for the third quarter (1 July to 30 September 2009).

Its number of customers increased 17% to 2.01m and Confused.com's turnover was up 32% compared to the same period last year, with "margins steady".

Admiral chief executive Henry Engelhardt said: “I’m pleased to report that not much has changed in three months. Our successful business continues to grow and prosper. In particular, our price comparison business in Spain launched its first TV campaign and our direct insurance operation in the US opened for business in Virginia.

“Admiral’s UK car insurance business had yet another fine quarter. We grew vehicle count by 16% year on year to 1.81 million and have continued to increase premium rates.”

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