CARDIFF (dpa-AFX) - Admiral Group Plc (ADM.L) posted 2011 profit after tax attributable to equity holders of the parent of 221.2 million pounds or 81.7 pence per share compared to 193.8 million pounds or 72.2 pence per share a year ago.
Pre-tax profit rose year-over-year to 299.1 million pounds from 265.5 million pounds.
Net revenue for 2011 improved to 870.3 million pounds from 640.8 million pounds in the previous year.
Alastair Lyons, Group chairman, commented, 'We are very pleased once again to be able to report a profit before tax up 13% at £299 million and to propose an increase in total dividends for the year of 11% to 75.6 pence per ordinary share. This represents 92% of after-tax earnings, testament to the strength of, and our confidence in, Admiral's capital-efficient and cash generative business model.'
In addition, the company said the directors have proposed a final dividend of 36.5 pence per share, to be paid on June 1, 2012. The ex-dividend date is May 2, 2012 and the record date May 4, 2012.
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