The item includes this on dividends;
On the basis of these preliminary results and a very strong solvency position, the proposed 2021 interim dividend is expected to be in the range of 110 to 125 pence per share.
It is not currently expected that the level of reserve releases and profit commission for the first half of 2021 will be repeated in the second half.
The sale of the Penguin Portals comparison businesses was completed on 30 April 2021. Of the net proceeds from the transaction of approximately £460 million, Admiral expects to return £400 million to shareholders in the form of special dividends phased over 2021 and 2022. The first payment will be made with the interim 2021 dividend referred to above. Further detail will be provided with the Group’s half year results announcement in August.
ADM are a mainstay in my HYP, and I'm sure many hereabouts hold them too, so this should be of interest to some who frequent this board.
Ian.