Admiral dented by injury claims

AOL Money Staff
Ambulance
Ambulance

Car insurer Admiral has reported a 13% rise in profits but admitted it had been a "disappointing year" because of the cost of bodily injury claims.

The group, which is the second largest insurer in the UK with 2.9 million customers, saw shares slump by a quarter in November after it warned the results for 2011 were likely to be at the bottom end of hopes.