Income Statement

Currency: GBP

	Dec-2018	Jun-2019	Dec-2019	Jun-2020	Dec-2020	Jun-2021	Dec-2021	Jun-2022	Dec-2022	Jun-2023	Dec-2023
Revenue
Gross Premiums Earned	1 214	1 256	1 149	1 092	1 215	1 332	1 474	2 250	3 175	3 342	3 605
Revenue	1 262 N/A	1 311 +4%	1 209 -8%	1 174 -3%	1 305 +11%	1 407 +8%	1 550 +10%	2 324 +50%	3 247 +40%	3 441 +6%	3 730 +8%
Operating Income
Operating Expenses	(774)	(815)	(691)	(600)	(685)	(591)	(825)	(1 857)	(2 874)	(3 058)	(3 267)
Selling, General & Administrative	(393)	(411)	(266)	(374)	(299)	(430)	(413)	(114)	(127)	(139)	(129)
Benefits Claims Loss Adjustment	(350)	(370)	(359)	(301)	(293)	(248)	(332)	(1 498)	(2 737)	(2 914)	(3 093)
Policy Acquisition Expense	(31)	(35)	(52)	(116)	(59)	(131)	(67)	0	0	0	0
Other Operating Expenses	0	0	(14)	190	(34)	218	(13)	(245)	(10)	(6)	(45)
Operating Income	488 N/A	496 +2%	518 +4%	574 +11%	621 +8%	816 +32%	725 -11%	468 -36%	373 -20%	383 +3%	463 +21%
Pre-Tax Income
Interest Income Expense	(11)	(12)	(13)	(13)	(12)	(12)	(12)	(12)	(12)	(12)	(20)
Total Other Income	0	0	0	0	0	0	0	0	0	(1)	0
Pre-Tax Income	476 N/A	484 +2%	505 +4%	561 +11%	608 +8%	804 +32%	714 -11%	456 -36%	361 -21%	371 +3%	443 +20%
Net Income
Tax Provision	(86)	(88)	(89)	(93)	(106)	(151)	(130)	(85)	(76)	(93)	(106)
Income from Continuing Operations	391	396	416	469	502	653	583	371	285	278	337
Income to Minority Interest	5	5	4	3	1	1	1	2	1	1	1
Net Income (Common)	395 N/A	401 +2%	432 +8%	493 +14%	529 +7%	1 093 +107%	998 -9%	373 -63%	287 -23%	279 -3%	338 +21%
EPS (Diluted)	1.37 N/A	1.38 +1%	1.48 +7%	1.67 +13%	1.79 +7%	3.67 +105%	3.34 -9%	1.24 -63%	0.95 -23%	0.92 -3%	1.11 +21%

Admiral Group PLC
LSE:ADM