Admiral makes employee share revelation as it celebrates 20 years on LSE

Admiral has said that an employee who continuously worked at the insurer over the last two decades would have made thousands of pounds in free shares.

The insurer made the revelation as it celebrates its 20^th anniversary as a publicly listed company on the London Stock Exchange (LSE).

Every year since listing in 2004, Admiral has given colleagues free shares through a share incentive plan.

The firm said that a colleague who had worked at Admiral continuously for the last 20 years would have received over £64,000 in free shares.

Milena Mondini de Focatiis, chief executive at Admiral, said: “Our continued growth would not have been possible without our colleagues’ hard work and dedication to ensuring that we can be there for our customers when they need us the most.”

Growth

To celebrate its 20th anniversary as a listed business, Admiral closed the market during an event held at the LSE yesterday (24 September 2024).

It floated on the LSE in September 2004 with a market capitalisation of £711m.

It had also just reached the one million customer milestone.

The insurer now has more than 10 million customers across the group.

Mondini de Focatiis said: “I’m so proud that we are able to celebrate 20 years as a listed business.

“We would like to thank our customers who have trusted us to look after theirs and their families’ future and all our colleagues and shareholders for their continued support. We look forward to the next 20 years.”