March 7, 2019 / 7:25 AM / 4 months ago

Insurer Admiral warns on economic disruption from a "hard Brexit"

March 7 (Reuters) - Insurer Admiral Group Plc said on Thursday it had run stress tests to Brexit-proof its business, flagging potential economic disruptions that may arise from a “hard Brexit”, as it reported better-than-expected 2018 earnings.

The Cardiff-based motor and home insurer’s pretax profit jumped 18 percent to 479.3 million pounds ($631.19 million) for the year ended Dec. 31, above a company-supplied forecast of 445.8 million pounds, boosted by a growth in customer numbers. ($1 = 0.7594 pounds)

Reporting by Muvija M and Noor Zainab Hussain in Bengaluru; Editing by Shounak Dasgupta

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