Hello, Share Shapers. It’s likely that in times of trouble, insurance companies are as safe a bet as any big company. That’s because when people become nervous of the future, they insure their lives and property more energetically. And you cannot get more uncertain than the on/off menace of Covid-19.
Hello Share Shiners. You may have gleaned from past writings that I’m a fan of most insurance companies. There’s no doubting that this is a time of all sorts of increasing risks. From Covid effects to storms and floods caused by climate change. In such unhappy environments, more people turn to the protection of the big insurers. And although I’ve not invested yet, Admiral Group (ADM) seems to me one of the better bets.
Too many years ago to remember my most influential old boss gave me the nugget of investment advice that 'there is nothing more complex than an insurance company'. Broadly I have shared such sympathies over the resulting time period and it has probably saved me more times than it has hindered me. However in the light of this week's esure (ESUR) takeover by Bain Capital, I thought I would have a quick look at Admiral (ADM), which reported first half numbers today.
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