February 27, 2017 / 7:36 AM / 6 months ago

BRIEF-Admiral says to postpones FY results to March 8 after Ogden rate annoucement

Feb 27 (Reuters) - Admiral Group Plc:

* Decided to postpone preliminary announcement of results for year ended 31 december 2016 from 1 march 2017 to 8 march 2017

* Estimated total net financial impact(1) of all claims settling at new rate is £140m to £175m

* Admiral group plc - estimated net financial impact on 2016 reported profit is £70m to £100m

* Group expects to maintain final dividend at last year's level of 51.5 pence per share

* Admiral- if market pricing adjusts future premiums to reflect lower discount rate, there will be no significant impact on future business Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)

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