Admiral Group plc: Interim Management Statements
With effect from 7 November 2014, the Financial Conduct Authority removed the requirement in the Disclosure and Transparency Rules to publish Interim Management Statements (IMSs).
After careful consideration, the Board of Admiral Group Plc does not intend to issue IMSs in the future and will not, therefore, issue one in April 2015.
Since the IMS was first introduced, Admiral has believed that an appropriate assessment of the Group's performance requires the full financial information that is available at half and full year reporting rather than the limited trading metrics that are typically reported in the first and third quarter IMSs.
Admiral confirms that trading in the first quarter has been consistent with management expectations and there have been no significant developments since the release of the Group's 2014 full year results in March 2015.