BREAKING NEWS

BREAKING NEWS

Insurer Admiral warns on economic disruption from a 'hard Brexit'

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(Reuters) - Insurer Admiral Group Plc said on Thursday it had run stress tests to Brexit-proof its business, flagging potential economic disruptions that may arise from a "hard Brexit", as it reported better-than-expected 2018 earnings.

The Cardiff-based motor and home insurer's pretax profit jumped 18 percent to 479.3 million pounds for the year ended Dec. 31, above a company-supplied forecast of 445.8 million pounds, boosted by a growth in customer numbers.

(Reporting by Muvija M and Noor Zainab Hussain in Bengaluru; Editing by Shounak Dasgupta)

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