UK car insurer Admiral sees profits boost after fewer accidents during lockdown   

The insurer expects to return £400m to shareholders in special dividends over the next two years.

File image: iStock

Shares in British motor insurer Admiral jumped 6% at one stage in London trading to a record high after the company said it was on track for a higher-than-expected first-half profit due to lower motor accident claims through pandemic lockdowns.

Admiral said pre-tax profit for the first half was likely to be between £450m and £500m when it reports results for the period next month.