AI 銘柄分析 · 10年
Admiral Group plc
ADM · GBP · 分析基準日 2026-11-06
{ "period": "2026-11-06 to 2036-11-06", "horizon_calendar_years": 10, "ACT365_25_year_fraction": 10.001368925, "market_value_original_holder_cohort_oku": 118.727581042, "probability_weighted_pv_oku": 110.36575056135304, "probability_weighted_oldholder_cash_oku": 79.78763056700001, "probability_weighted_oldholder_terminal_oku": 144.55250880372813, "upside_ratio": -0.07042871089649294, "expected_holder_IRR_from_expected_cashflow_path": 0.07998698861789466, "discount_rate": 0.09, "sensitivity_probability_weighted_pv_by_k": { "0.075": { "weighted_PV_oku": 142.28393821996764, "premium_or_discount_to_start": 0.1984067810632355, "valuation_model": "fundamental_SBC_fair_purchase_price_self_consistent_recomputed_at_each_k" }, "0.09": { "weighted_PV_oku": 110.36575056135304, "premium_or_discount_to_start": -0.07042871089649294, "valuation_model": "fundamental_SBC_fair_purchase_price_self_consistent_recomputed_at_each_k" }, "0.105": { "weighted_PV_oku": 89.82883062297996, "premium_or_discount_to_start": -0.24340385077665372, "valuation_model": "fundamental_SBC_fair_purchase_price_self_consistent_recomputed_at_each_k" } }, "conclusion": "算定値は原価・損害率・再保険・資本必要量の明示仮定に基づくシナリオ推計。市場PER・PBRから終価を逆算していない。", "hard_data_completeness": "Nov6 EBT残高、厳密な消却効力日、2026下期実績と最新SCRの一次未確認につき仮定を明示", "SBC_and_EBT_terminal_cost_revaluation_v3": true, "previous_version_probability_weighted_PV_oku": 111.675645542, "previous_version_expected_CF_IRR": 0.081617312 }
AIによるシナリオ分析です。基準日以降の出来事、株価や為替の変化は個別に確認が必要です。各数値は元の分析の単位と前提に従います。
分析の要約
{
"investment_view": "低廉な市場PER回帰ではなく継続保険利益・損害率・規制資本・従業員信託現金支出に対する価値を評価。英国自動車の価格サイクルと過年度引当戻入の反転が最大変数。 2037以降の従業員信託株の定常買付を内在価値ベースで資本から控除するため、旧版終価を修正した。",
"strengths": [
"UK motor 5.77m risks, UK personal-lines multi-brand distribution",
"40% Munich Re coinsurance +38% UK motor quota share limits retained underwriting exposure, but changes profit-sharing economics",
"ROE high and explicit cash distribution framework with solvency buffer",
"Europe policy count and Money loans provide diversification"
],
"weaknesses": [
"Loss ratio on current underwriting year 77.6%, above headline 55.9% after reserve releases; reserve releases may not repeat",
"2026 EU insurance £13.1m one-off in H1 PBT",
"Admiral Money H1 included £7.3m loan book sale earnings and ECL exposed to macro",
"Flock £76.4m purchase incl large goodwill affects prudential ratio",
"High volatility of reinsurance QS cost and profit commissions; complex reporting"
],
"accounting_red_flags": [
"2026 H1 premium written £2.8132bn != IFRS17 insurance revenue £2.4365bn; company turnover £3.1084bn is APM",
"insurance investment asset £5.2541bn is inside £9.3429bn assets and already netted against IFRS liabilities in group book",
"Gross shares vs dividends-eligible shares vs EBT unvested must be separated",
"Cash scheme trust purchases and equity credit are capital transactions, not dividends nor a reason to ignore IFRS SBC charges",
"H1 management solvency190% vs fixed add-on regulatory173% differ, not fungible cash",
"v3 correction: 2036 terminal parent NI after SBC alone is insufficient to reconcile continuing EBT market repurchases and IFRS2 equity credits; normalized distributable earnings after share-neutral replenishment are now used."
]
}
2026年11月4日公表の消却後発行株数と従業員信託330万株の仮定を使用。11月6日の厳密な信託残高と消却効力日は未確認。予測配当・買戻し・信託取得・交付日を過ぎたら、実績確認まで期待リターンの表示を停止する。保険のIFRS17損益と規制資本はモデル仮定であり会社予想ではない。
事業
- products
内容を開く
- 1
UK Motor and van
- 2
UK Household
- 3
UK Travel & Pet
- 4
Admiral Money loans, including secured homeowner loans
- 5
EU motor Spain Italy France
- 6
Other/Flock commercial fleet insurance
- 2026_H1_actual
内容を開く
- period
2026-01-01/2026-06-30
- 状態
company_reported_unaudited
- 出典
https://www.admiralgroup.co.uk/news-releases/news-release-details/half-year-financial-report
- ifrs17_insurance_revenue_oku
- 24.365
- insurance_service_expenses_oku
- -19.407
- net_reinsurance_result_oku
- -1.525
- insurance_service_result_oku
- 3.433
- investment_return_oku
- 1.122
- net_insurance_finance_oku
- -0.587
- net_insurance_and_investment_oku
- 3.968
- loan_interest_income_oku
- 0.903
- loan_interest_expense_oku
- -0.39
- other_revenue_profit_commission_oku
- 1.27
- other_op_expenses_oku
- -1.764
- co_insurer_op_recovery_oku
- 0.655
- ecl_writeoffs_oku
- -0.234
- net_finance_costs_oku
- -0.116
- PBT_continuing_oku
- 4.292
- tax_expense_oku
- -1.003
- PAT_group_oku
- 3.289
- PAT_parent_attributable_oku
- 3.29
- PAT_NCI_oku
- -0.001
- ifrs_reported_revenue_and_loan_other_oku
- 26.538
- sbc_cashflow_non_cash_addback_oku
- 0.442
- weighted_avg_basic_shares
- 301861871
- weighted_avg_diluted_shares
- 305604323
- parent_equity_2026_06_30_oku
- 14.983
- noncontrolling_equity_oku
- 0.002
- total_equity_oku
- 14.985
- ifrs_total_assets_oku
- 93.429
- ifrs_total_liabilities_oku
- 78.444
- financial_investments_oku
- 52.541
- 現金（億）
- 3.149
- insurance_contract_liabilities_oku
- 54.81
- reinsurance_contract_assets_oku
- 10.953
- admiral_money_gross_loans_oku
- 18.778
- admiral_money_ECL_reserve_oku
- 1.141
- group_total_loans_net_carrying_oku
- 18.348
- total_subordinated_and_other_financial_liabilities_oku
- 20.131
- subordinated_notes_oku
- 2.589
- securitised_loan_funding_oku
- 15.223
- other_borrowings_oku
- 2.293
- company_APM_turnover_oku
- 31.084
- total_premiums_written_all_oku
- 28.132
- total_company_normalised_insurance_premium_revenue_oku
- 23.091
- gross_scheme_expenses_cfs_memo_oku
- 0.442
- ebt_share_purchases_cash_oku
- 0.506
- parent_dividends_paid_in_H1_oku
- 2.742
- parent_equity_at_2025_12_31_oku
- 14.433
- OCI_parent_H1_oku
- 0.003
- sbc_equity_credit_oku
- 0.442
- ebt_cash_equity_charge_oku
- -0.506
- deferred_tax_share_credit_oku
- 0.063
- group_risks_m
- 12.03
- group_reported_combined_ratio
- 0.785
- company_reported_own_funds_POST_dividend_oku
- 18.4
- SCR_dynamic_addon_oku
- 9.7
- own_funds_surplus_oku
- 8.7
- solvency_dynamic
- 1.9
- solvency_regulatory_estimate
- 1.73
- source_of_regulatory_vs_dynamic_difference
PRA approved £24m fixed add-on, versus management dynamic unapproved add-on; own funds for dynamic also recognize earnings through interim dividend announcement.
- 2025_reported_FY
内容を開く
- IFRS_continuing_insurance_revenue_oku
- 49.793
- PBT_continuing_oku
- 9.579
- group_PAT_continuing_oku
- 7.453
- reported_parent_pat_combined_continued_discontinued_oku
- 7.426
- 親会社持分（億）
- 14.433
- group_solvency_dynamic
- 1.93
- 状態
company_reported_FY2025
- revenue_classification
内容を開く
- IFRS17_insurance_revenue_2026H1_oku
- 24.365
- IFRS17_insurance_premium_revenue_only_oku
- 23.091
- total_premiums_written_APM_oku
- 28.132
- turnover_company_APM_oku
- 31.084
- difference
Total premiums written counts external co-insurer exposure; IFRS17 premiums are earned and recognised based on coverage; turnover adds non-insurance interest and revenues; none interchangeable.
- pricing_volume_model
UK motor policies x average annual premium written is separately forecast, with insurer book-in-force denominator as proxy not exact average policy-years; statutory IFRS17 insurance revenue grown on own revenue baseline rather than assumed equal to premium written.
- motor_2026_H1
内容を開く
- vehicle_policies_m
- 5.77
- total_premiums_written_oku
- 19.917
- insurance_premium_revenue_oku
- 15.593
- other_insurance_revenue_oku
- 0.895
- IFRS17_insurance_revenue_oku
- 16.488
- reported_loss_ratio
- 0.559
- reported_expense_ratio
- 0.183
- reported_combined_ratio
- 0.742
- core_current_loss_ratio_before_prior_year_releases
- 0.776
- core_claims_releases_ratio
- -0.173
- core_loss_ratio_after_releases
- 0.603
- core_expense_ratio
- 0.185
- core_combined_ratio
- 0.788
- current_claims_cost_inflation_estimate_range
- 1
- 0.05
- 2
- 0.07
- motor_co_insurer_profit_commission_oku
- 0.448
- motor_quota_share_reinsurance_cost_oku
- -0.799
- reinsurance
内容を開く
- UK_motor_MunichRe_coinsurer_share
- 0.4
- UK_motor_other_quota_share_share
- 0.38
- UK_motor_direct_residual_underwriting_share_approx
- 0.22
- UK_motor_coinsurer_arrangement_confirmed_until
at_least_2026_end
- other_UK_motor_quota_share_confirmed_until
at_least_2027
- UK_household_retained_share
- 0.3
- Europe_motor_group_retained_result_share_approx
- 0.45
- contract_commutation_typical_months
- 1
- 24
- 2
- 36
- caution
22% direct UK motor proportion is an approximate share of initial risk, not exact consolidated capital exposure; reinsurer margins/commutation/recoveries can be adverse and later change retained risks.
- lending
内容を開く
- admiral_money_gross_on_balance_loans_oku
- 18.778
- admiral_money_provision_oku
- 1.141
- admiral_money_net_loans_oku
- 17.637
- group_total_net_loans_oku
- 18.348
- H1_segment_pre_tax_profit_oku
- 0.133
- H1_nonrecurring_back_book_profit_oku
- 0.073
- ECL_IFRS_group_H1_expense_oku
- 0.234
- interest_income_group_H1_oku
- 0.903
- interest_expense_group_H1_oku
- 0.39
- secured_loan_component_oku
- 6.797
- risks
Loan forward flow, securitisation-backed funding and credit defaults are distinct from insurance claims reserving.
競争力・事業の質
- scale_and_franchise
High recurring insurance renewals, UK comparison channel competition; underwriting disciplined but competitive price cycle.
- sustainability
Moderate because past year claims reserve releases and quota-share profit commission may not recur; excess capital and trust funding constrain payout.
- capital_intensity
Insurance solvency and loan receivables require capital despite high accounting ROE; UK motor significant cessions lower relative retention but create counterparty/profit commission risk.
- accounting_quality
IFRS17 receivables and premium earning, CoC profit commissions and trust consolidation distinguish; we use statutory after-SBC profit.
- credit_quality
UK unsecured + homeowner secured loan exposure, rising macro ECL possible; securitised financing not equivalent to net insurance liabilities.
- management_and_governance
Distributes ~65% post-tax profits as normal dividends subject to capital and excess through special dividend or cancellation buyback; 2026 H1 uses £45m completed buyback.
- quantified_2026_H1
内容を開く
- UK_Motor_current_year_before_releases_ratio
- 0.776
- UK_motor_core_combined_ratio
- 0.788
- Europe_reported_PBT_oku
- 0.172
- Europe_H1_oneoff_oku
- 0.131
- Europe_ex_oneoff_PBT_oku
- 0.041
- Admiral_Money_H1_PBT_oku
- 0.133
- Money_backbook_sale_oku
- 0.073
- tax_effective_rate
- 0.234
業界と環境
- sector
UK non-life / European motor and consumer finance
- market_drivers
内容を開く
- 1
UK motor repair costs and parts/wages inflation
- 2
Competition in car premiums and aggregate policies sold
- 3
Price comparison websites and potential AI-search disintermediation
- 4
FCA Consumer Duty and claims regulation
- 5
PRA Solvency UK model approval and add-on
- 6
Euro FX for France, Italy, Spain
- 7
Rate yields on bonds and loan funding, credit spreads
- 8
Counterparty exposure to quota-share reinsurers
- 9
Climate/weather travel and household claims
- scenarios_reference
UK Motor reported 55.9% claims ratio is after reserve releases; a 5% UK motor claims ratio increase stresses group solvency by ~20 percentage points per company sensitivity. The scenario underwriting shock is applied on motor IFRS revenue as a proxy, not company forecast.
財務・資本配分
- historical_parent_equity_bridge_H1_2026_oku
内容を開く
- opening_2025_12_31
- 14.433
- profit_parent
- 3.29
- OCI_parent
- 0.003
- dividends_paid
- -2.742
- SBC_credit_non_cash
- 0.442
- EBT_cash_purchase
- -0.506
- deferred_tax_on_schemes
- 0.063
- closing_2026_06_30
- 14.983
- 出典
https://www.admiralgroup.co.uk/news-releases/news-release-details/half-year-financial-report
- halfyear_reported_solvency_2026_06_30
内容を開く
- own_funds_post_foreseeable_distributions_oku
- 18.4
- SCR_dynamic_oku
- 9.7
- solvency_surplus_oku
- 8.7
- solvency_ratio
- 1.9
- regulatory_estimated_ratio
- 1.73
- capital_addon_fixed_PRA_approved_oku
- 0.24
- tier2_in_own_funds_approx_oku
- 2.5
- tier2_IFRS_liability_oku
- 2.589
- basis_difference
Different capital add-on and earnings recognized to dividend announcement date.
- debt_financing_at_2026_06_30
内容を開く
- subordinated_notes_oku
- 2.589
- securitization_borrowings_oku
- 15.223
- other_borrowings_oku
- 2.293
- total_subordinated_other_financial_liabilities_oku
- 20.131
- asset_liability_matching_note
Debt relates partly to customer loan-backed securities; not nettable against insurer investments by treating all investment assets as surplus cash.
- acquisition_Flock_2026_05_29
内容を開く
- cash_paid_oku
- 0.764
- book_goodwill_recognised_oku
- 0.596
- capital_ratio_effect_estimated_pp
- -8
- 状態
in 2026 H1 IFRS data already, do not subtract again
- 2026_capital_to_cutoff_bridge_oku
内容を開く
- parent_equity_2026_06_30_reported
- 14.983
- profit_assumed_2026_07_01_to_11_06
- 2.313586957
- sbc_equity_credit_assumed_2026_07_01_to_11_06
- 0.31548913
- October_2026_paid_interim_dividend_estimate
- -2.138
- corporate_buyback_completed_before_cutoff
- -0.45
- opening_parent_equity_2026_11_06_model
- 15.024076087
- unverified_OCI_other_share_movements
- 未確認
- 注記
The last published IFRS equity date is 30 Jun; assumed linear H2 and zero further OCI/EBT purchase; £45m cancelled share buyback and £0.705 H1 dividend are already reflected in start equity, never in post-valuation holder cash.
- 2026_H2_profit_assumption_oku
- 3.3
- 2026_H2_share_credit_assumption_oku
- 0.45
- model_eligible_ownfunds_at_cutoff_oku
- 18.4
- model_SCR_at_cutoff_oku
- 9.7
- assumed_fixed_ownfund_to_parent_equity_bridge_oku
- 3.375923913
- prudential_forecast_limitation
Unapproved own-funds/date and the Solvency II adjustments cannot be recovered from IFRS balance; fixed bridge is a simplifying scenario calibration, not a reported official reconciliation. No 11/6 ownfunds or SCR announcement identified.
- 2026_actual_dividend
内容を開く
- amount_per_share_gbp
- 0.705
- ex_date
2026-09-03
- record_date
2026-09-04
- pay_date
2026-10-02
- payment_before_base_date
- はい
- included_in_future_cashflows
- いいえ
- ex_date_status
issuer_confirmed_historical
- ex_date_assumed
- 未確認
- actual_ex_date_source_url
https://www.admiralgroup.co.uk/news-releases/news-release-details/half-year-financial-report
- shareholder_cash_flow_for_2026_11_06_cohort
excluded_paid_before_cutoff
- 2026_45m_buyback
内容を開く
- announcement_date
2026-08-06
- execution_ended
2026-11-03
- cash_paid_oku
- 0.45
- shares_repurchase_cancellation_intent
- 1206046
- included_in_2026_11_06_shares
- はい
- included_in_future_oldholder_cashflow
- いいえ
評価の前提と確認
- market_multiples_not_used_to_set_terminal
- はい
- market_price_gbp_input_only_initial_market_mcap_and_assumed_future_transaction_prices
- 39.34
- terminal_model
v3: parent book + RI for after-SBC NI plus equity-scheme credit minus market-funded employee scheme award replacement, with endogenously solved 2037 share purchase cost and stable eligible outside shares
- no_double_count_of_investments
- はい
- SBC_after_tax_profit_stays_expensed
- はい
- EBT_purchases_in_share_ledger_and_cash_once
- はい
- company_dividend_and_buyback_oldcohort_only_in_cashflows
- はい
- surplus_special_dividends_assumed_not_announced
- はい
- stock_awards_and_issues_only_ownership_and_balance_sheet
- はい
- pre_cutoff_dividend_and_buyback_not_future_payout
- はい
- valuation_discounting_method
ACT actual days/365.25 including 3653d anniversary and every dated positive shareholder receipt
- reported_vs_scenario
2025FY/2026H1 company reported; 2026Nov bridge, 2027-36 annual and 2037 terminal forecasts all independent modeled guesses
- 2036_onward_employee_trust_cost_reflected_in_terminal
- はい
- terminal_formula
V=(NI_normalized_after_SBC +SBC_equity_credit -g*BV)/(k-g+(award_shares/eligible_shares)*(1+g))
- return_cash_to_original_cohort_after_horizon_already_reflected_in_intrinsic_terminal
- はい
- no_future_EBT_buybacks_simultaneously_treated_as_dilution_and_expense_twice
- はい
- repeated_2036_cash_EBT_outflow_at_terminal
- いいえ
- sustainable_distribution_after_share_replenishment
D=NI_norm_after_SBC+SBC_equity_credit-market_trust_cash_cost-g*BV; no double counting of prior year trust repurchases
- trust_shares_deducted_from_equity_and_outstanding_dividend_shares
- はい
- future_cash_and_CoE_are_scenario_assumptions_not_issuer_forecast
- はい
資本コストの前提
- 資本コスト
- 9.00%
- kind
nominal_GBP_equity_required_return
- basis
UK non-life insurer: risk-free-plus-equity-risk and cyclicality, prudential and underwriting/reinsurance risk, not a market multiple
- nominal_currency
GBP
- not_company_WACC
Assumption, no real-time yield curve estimated
- growth_guardrail
terminal_g < k for all cases
- sensitivity_probability_weighted_pv_by_k
- 0.075
- weighted_PV_oku
- 142.28393821997
- premium_or_discount_to_start
- 0.19840678106324
- valuation_model
fundamental_SBC_fair_purchase_price_self_consistent_recomputed_at_each_k
- 0.09
- weighted_PV_oku
- 110.36575056135
- premium_or_discount_to_start
- -0.070428710896493
- valuation_model
fundamental_SBC_fair_purchase_price_self_consistent_recomputed_at_each_k
- 0.105
- weighted_PV_oku
- 89.82883062298
- premium_or_discount_to_start
- -0.24340385077665
- valuation_model
fundamental_SBC_fair_purchase_price_self_consistent_recomputed_at_each_k
事業別データ
事業別の内訳と、収録されている年度別データを確認できます。
10年のシナリオ
シナリオごとの確率、期間内の株主還元・追加負担、終価です。金額は億GBP。株主の範囲や受取時点は各分析の前提を確認してください。
| シナリオ | 確率 | 株主還元・追加負担 | 終価 |
|---|---|---|---|
| 極強気 | 10.0% | 136.18 | 347.96 |
| 強気 | 20.0% | 111.72 | 233.31 |
| 基本 | 40.0% | 85.16 | 132.74 |
| 弱気 | 20.0% | 45.19 | 49.99 |
| 危機 | 10.0% | 7.27 | 0.00 |
極強気（確率 10.0%）
- m_vol
- 0.025
- m_price
- 0.035
- uk_other_vol
- 0.06
- uk_other_price
- 0.045
- eu_vol
- 0.075
- eu_price
- 0.055
- other_growth
- 0.095
- loan_growth
- 0.12
- claim_pp
内容を開く
- 1
- -0.018
- 2
- -0.022
- 3
- -0.025
- 4
- -0.025
- 5
- -0.024
- 6
- -0.022
- 7
- -0.02
- 8
- -0.02
- 9
- -0.018
- 10
- -0.018
- 11
- -0.018
- efficiency
- 0.011
- reins_cost_mult
- 0.9
- commission_haircut
- -0.04
- loan_income_mult
- 1.05
- loan_fund_cost_mult
- 0.95
- ecl_mult
- 0.8
- invest_yield_mult
- 1.04
- div_policy
- 0.65
- buyback_fraction
- 0.18
- ebt_cash
- 0.98
- award_shares
- 2050000
- price_trend
- 0.075
- solv_risk_factor
- 1.06
- terminal_g
- 0.035
- terminal_norm
- 0.88
- probability_basis
競争優位拡大と低損害率継続の上振れ
確率の根拠
保険損害率、再保険、信用損失と規制資本に関する分析上の確率仮定。
強気（確率 20.0%）
- m_vol
- 0.019
- m_price
- 0.026
- uk_other_vol
- 0.045
- uk_other_price
- 0.035
- eu_vol
- 0.06
- eu_price
- 0.04
- other_growth
- 0.075
- loan_growth
- 0.095
- claim_pp
内容を開く
- 1
- -0.006
- 2
- -0.01
- 3
- -0.012
- 4
- -0.014
- 5
- -0.014
- 6
- -0.012
- 7
- -0.012
- 8
- -0.01
- 9
- -0.01
- 10
- -0.01
- 11
- -0.01
- efficiency
- 0.008
- reins_cost_mult
- 0.93
- commission_haircut
- 0
- loan_income_mult
- 1.03
- loan_fund_cost_mult
- 0.96
- ecl_mult
- 0.9
- invest_yield_mult
- 1.02
- div_policy
- 0.65
- buyback_fraction
- 0.16
- ebt_cash
- 0.88
- award_shares
- 1900000
- price_trend
- 0.055
- solv_risk_factor
- 1.03
- terminal_g
- 0.03
- terminal_norm
- 0.87
- probability_basis
良好な価格規律と海外・貸付の収益拡大
確率の根拠
保険損害率、再保険、信用損失と規制資本に関する分析上の確率仮定。
基本（確率 40.0%）
- m_vol
- 0.006
- m_price
- 0.019
- uk_other_vol
- 0.035
- uk_other_price
- 0.025
- eu_vol
- 0.04
- eu_price
- 0.03
- other_growth
- 0.05
- loan_growth
- 0.065
- claim_pp
内容を開く
- 1
- 0.012
- 2
- 0.006
- 3
- 0.003
- 4
- 0
- 5
- -0.003
- 6
- -0.003
- 7
- 0
- 8
- 0
- 9
- 0
- 10
- 0
- 11
- 0
- efficiency
- 0.004
- reins_cost_mult
- 1
- commission_haircut
- 0.05
- loan_income_mult
- 1
- loan_fund_cost_mult
- 1
- ecl_mult
- 1.12
- invest_yield_mult
- 1
- div_policy
- 0.65
- buyback_fraction
- 0.1
- ebt_cash
- 0.78
- award_shares
- 1800000
- price_trend
- 0.03
- solv_risk_factor
- 1
- terminal_g
- 0.023
- terminal_norm
- 0.83
- probability_basis
加入件数・保険料の緩やかな伸びと損害率の正常化
確率の根拠
保険損害率、再保険、信用損失と規制資本に関する分析上の確率仮定。
弱気（確率 20.0%）
- m_vol
- 0
- m_price
- 0.005
- uk_other_vol
- 0.025
- uk_other_price
- 0.01
- eu_vol
- 0.035
- eu_price
- 0.015
- other_growth
- 0.03
- loan_growth
- 0.035
- claim_pp
内容を開く
- 1
- 0.045
- 2
- 0.06
- 3
- 0.055
- 4
- 0.05
- 5
- 0.045
- 6
- 0.04
- 7
- 0.035
- 8
- 0.03
- 9
- 0.025
- 10
- 0.025
- 11
- 0.025
- efficiency
- -0.003
- reins_cost_mult
- 1.13
- commission_haircut
- 0.18
- loan_income_mult
- 1
- loan_fund_cost_mult
- 1.1
- ecl_mult
- 1.75
- invest_yield_mult
- 0.95
- div_policy
- 0.5
- buyback_fraction
- 0.035
- ebt_cash
- 0.68
- award_shares
- 1800000
- price_trend
- 0.003
- solv_risk_factor
- 1.08
- terminal_g
- 0.012
- terminal_norm
- 0.78
- probability_basis
競争激化、引当戻入減と信用損失の長期化
確率の根拠
保険損害率、再保険、信用損失と規制資本に関する分析上の確率仮定。
危機（確率 10.0%）
- m_vol
- -0.03
- m_price
- -0.01
- uk_other_vol
- 0.01
- uk_other_price
- 0
- eu_vol
- 0.025
- eu_price
- -0.005
- other_growth
- 0.015
- loan_growth
- 0.015
- claim_pp
内容を開く
- 1
- 0.09
- 2
- 0.14
- 3
- 0.19
- 4
- 0.17
- 5
- 0.14
- 6
- 0.11
- 7
- 0.09
- 8
- 0.08
- 9
- 0.07
- 10
- 0.065
- 11
- 0.065
- efficiency
- -0.012
- reins_cost_mult
- 1.4
- commission_haircut
- 0.48
- loan_income_mult
- 0.93
- loan_fund_cost_mult
- 1.3
- ecl_mult
- 3.1
- invest_yield_mult
- 0.85
- div_policy
- 0.2
- buyback_fraction
- 0
- ebt_cash
- 0.48
- award_shares
- 1600000
- price_trend
- -0.055
- solv_risk_factor
- 1.22
- terminal_g
- 0.005
- terminal_norm
- 0.66
- probability_basis
深い修理費インフレ・保険引受悪化・規制資本希薄化
確率の根拠
保険損害率、再保険、信用損失と規制資本に関する分析上の確率仮定。
事業別の前提
- 1
内容を開く
- id
consolidated
- 数量
- 1
- 価格・単価
- 43.866697492
- 営業利益
- -2.391363522
- 注記
2036暦年連結のIFRS17と貸付・その他収益の分析的合計、営業利益は保険会社開示に準拠した予測。内訳は年次台帳。
日付別キャッシュフロー
- 1
内容を開く
- 想定日
2027-05-06
- year
- 0.49555099247091
- 金額
- 0
- event_type
forecast_revalidation
- event_id
crisis-2027-01
- 注記
未確定の予測日。会社発表・実施を確認し株数・権利・評価を再検証。
- 2
内容を開く
- 想定日
2027-05-07
- year
- 0.49828884325804
- 金額
- 0
- event_type
forecast_revalidation
- event_id
crisis-2027-01
- 注記
未確定の予測日。会社発表・実施を確認し株数・権利・評価を再検証。
- 3
- year
- 0.525667351
- 想定日
2027-05-17
- 金額
- 2.145
- 4
内容を開く
- 想定日
2027-05-17
- year
- 0.52566735112936
- 金額
- 0
- event_type
forecast_revalidation
- event_id
crisis-2027-01
- 注記
未確定の予測日。会社発表・実施を確認し株数・権利・評価を再検証。
- 5
内容を開く
- 想定日
2027-06-15
- year
- 0.60506502395619
- 金額
- 0
- event_type
forecast_revalidation
- event_id
crisis-2027-02
- 注記
未確定の予測日。会社発表・実施を確認し株数・権利・評価を再検証。
- 6
- year
- 0.605065024
- 想定日
2027-06-15
- 金額
- 0.48
- 7
内容を開く
- 想定日
2027-08-16
- year
- 0.77481177275838
- 金額
- 0
- event_type
forecast_revalidation
- event_id
crisis-2027-03
- 注記
未確定の予測日。会社発表・実施を確認し株数・権利・評価を再検証。
- 8
内容を開く
- 想定日
2027-09-02
- year
- 0.82135523613963
- 金額
- 0
- event_type
forecast_revalidation
- event_id
crisis-2027-05
- 注記
未確定の予測日。会社発表・実施を確認し株数・権利・評価を再検証。
- 9
内容を開く
- 想定日
2027-09-03
- year
- 0.82409308692676
- 金額
- 0
- event_type
forecast_revalidation
- event_id
crisis-2027-05
- 注記
未確定の予測日。会社発表・実施を確認し株数・権利・評価を再検証。
- 10
内容を開く
- 想定日
2027-09-15
- year
- 0.85694729637235
- 金額
- 0
- event_type
forecast_revalidation
- event_id
crisis-2027-04
- 注記
未確定の予測日。会社発表・実施を確認し株数・権利・評価を再検証。
- 11
- year
- 0.908966461
- 想定日
2027-10-04
- 金額
- 0.098781634
- 12
内容を開く
- 想定日
2027-10-04
- year
- 0.90896646132786
- 金額
- 0
- event_type
forecast_revalidation
- event_id
crisis-2027-05
- 注記
未確定の予測日。会社発表・実施を確認し株数・権利・評価を再検証。
- 13
内容を開く
- 想定日
2028-05-04
- year
- 1.492128678987
- 金額
- 0
- event_type
forecast_revalidation
- event_id
crisis-2028-01
- 注記
未確定の予測日。会社発表・実施を確認し株数・権利・評価を再検証。
- 14
内容を開く
- 想定日
2028-05-05
- year
- 1.4948665297741
- 金額
- 0
- event_type
forecast_revalidation
- event_id
crisis-2028-01
- 注記
未確定の予測日。会社発表・実施を確認し株数・権利・評価を再検証。
- 15
内容を開く
- 想定日
2028-05-15
- year
- 1.5222450376454
- 金額
- 0
- event_type
forecast_revalidation
- event_id
crisis-2028-01
- 注記
未確定の予測日。会社発表・実施を確認し株数・権利・評価を再検証。
- 16
- year
- 1.522245038
- 想定日
2028-05-15
- 金額
- 0.097206037
- 17
- year
- 1.607118412
- 想定日
2028-06-15
- 金額
- 0.482997845
- 18
内容を開く
- 想定日
2028-06-15
- year
- 1.6071184120465
- 金額
- 0
- event_type
forecast_revalidation
- event_id
crisis-2028-02
- 注記
未確定の予測日。会社発表・実施を確認し株数・権利・評価を再検証。
- 19
内容を開く
- 想定日
2028-08-15
- year
- 1.7741273100616
- 金額
- 0
- event_type
forecast_revalidation
- event_id
crisis-2028-03
- 注記
未確定の予測日。会社発表・実施を確認し株数・権利・評価を再検証。
- 20
- year
- 2.606433949
- 想定日
2029-06-15
- 金額
- 0.493904863
- 21
内容を開く
- 想定日
2029-06-15
- year
- 2.6064339493498
- 金額
- 0
- event_type
forecast_revalidation
- event_id
crisis-2029-01
- 注記
未確定の予測日。会社発表・実施を確認し株数・権利・評価を再検証。
- 22
内容を開く
- 想定日
2029-08-15
- year
- 2.7734428473648
- 金額
- 0
- event_type
forecast_revalidation
- event_id
crisis-2029-02
- 注記
未確定の予測日。会社発表・実施を確認し株数・権利・評価を再検証。
- 23
内容を開く
- 想定日
2029-09-17
- year
- 2.8637919233402
- 金額
- 0
- event_type
forecast_revalidation
- event_id
crisis-2029-03
- 注記
未確定の予測日。会社発表・実施を確認し株数・権利・評価を再検証。
- 24
- year
- 3.611225188
- 想定日
2030-06-17
- 金額
- 0.495463257
- 25
内容を開く
- 想定日
2030-06-17
- year
- 3.6112251882272
- 金額
- 0
- event_type
forecast_revalidation
- event_id
crisis-2030-01
- 注記
未確定の予測日。会社発表・実施を確認し株数・権利・評価を再検証。
- 26
内容を開く
- 想定日
2030-08-15
- year
- 3.772758384668
- 金額
- 0
- event_type
forecast_revalidation
- event_id
crisis-2030-02
- 注記
未確定の予測日。会社発表・実施を確認し株数・権利・評価を再検証。
- 27
内容を開く
- 想定日
2030-09-16
- year
- 3.8603696098563
- 金額
- 0
- event_type
forecast_revalidation
- event_id
crisis-2030-03
- 注記
未確定の予測日。会社発表・実施を確認し株数・権利・評価を再検証。
- 28
内容を開く
- 想定日
2031-06-16
- year
- 4.6078028747433
- 金額
- 0
- event_type
forecast_revalidation
- event_id
crisis-2031-01
- 注記
未確定の予測日。会社発表・実施を確認し株数・権利・評価を再検証。
- 29
- year
- 4.607802875
- 想定日
2031-06-16
- 金額
- 0.493422205
- 30
内容を開く
- 想定日
2031-08-15
- year
- 4.7720739219713
- 金額
- 0
- event_type
forecast_revalidation
- event_id
crisis-2031-02
- 注記
未確定の予測日。会社発表・実施を確認し株数・権利・評価を再検証。
- 31
内容を開く
- 想定日
2031-09-15
- year
- 4.8569472963723
- 金額
- 0
- event_type
forecast_revalidation
- event_id
crisis-2031-03
- 注記
未確定の予測日。会社発表・実施を確認し株数・権利・評価を再検証。
- 32
- year
- 5.607118412
- 想定日
2032-06-15
- 金額
- 0.49311819
- 33
内容を開く
- 想定日
2032-06-15
- year
- 5.6071184120465
- 金額
- 0
- event_type
forecast_revalidation
- event_id
crisis-2032-01
- 注記
未確定の予測日。会社発表・実施を確認し株数・権利・評価を再検証。
- 34
内容を開く
- 想定日
2032-08-16
- year
- 5.7768651608487
- 金額
- 0
- event_type
forecast_revalidation
- event_id
crisis-2032-02
- 注記
未確定の予測日。会社発表・実施を確認し株数・権利・評価を再検証。
- 35
内容を開く
- 想定日
2032-09-15
- year
- 5.8590006844627
- 金額
- 0
- event_type
forecast_revalidation
- event_id
crisis-2032-03
- 注記
未確定の予測日。会社発表・実施を確認し株数・権利・評価を再検証。
- 36
- year
- 6.606433949
- 想定日
2033-06-15
- 金額
- 0.494799926
- 37
内容を開く
- 想定日
2033-06-15
- year
- 6.6064339493498
- 金額
- 0
- event_type
forecast_revalidation
- event_id
crisis-2033-01
- 注記
未確定の予測日。会社発表・実施を確認し株数・権利・評価を再検証。
- 38
内容を開く
- 想定日
2033-08-15
- year
- 6.7734428473648
- 金額
- 0
- event_type
forecast_revalidation
- event_id
crisis-2033-02
- 注記
未確定の予測日。会社発表・実施を確認し株数・権利・評価を再検証。
- 39
内容を開く
- 想定日
2033-09-15
- year
- 6.8583162217659
- 金額
- 0
- event_type
forecast_revalidation
- event_id
crisis-2033-03
- 注記
未確定の予測日。会社発表・実施を確認し株数・権利・評価を再検証。
- 40
内容を開く
- 想定日
2034-06-15
- year
- 7.605749486653
- 金額
- 0
- event_type
forecast_revalidation
- event_id
crisis-2034-01
- 注記
未確定の予測日。会社発表・実施を確認し株数・権利・評価を再検証。
- 41
- year
- 7.605749487
- 想定日
2034-06-15
- 金額
- 0.497028241
- 42
内容を開く
- 想定日
2034-08-15
- year
- 7.772758384668
- 金額
- 0
- event_type
forecast_revalidation
- event_id
crisis-2034-02
- 注記
未確定の予測日。会社発表・実施を確認し株数・権利・評価を再検証。
- 43
内容を開く
- 想定日
2034-09-15
- year
- 7.8576317590691
- 金額
- 0
- event_type
forecast_revalidation
- event_id
crisis-2034-03
- 注記
未確定の予測日。会社発表・実施を確認し株数・権利・評価を再検証。
- 44
内容を開く
- 想定日
2035-06-15
- year
- 8.6050650239562
- 金額
- 0
- event_type
forecast_revalidation
- event_id
crisis-2035-01
- 注記
未確定の予測日。会社発表・実施を確認し株数・権利・評価を再検証。
- 45
- year
- 8.605065024
- 想定日
2035-06-15
- 金額
- 0.49778636
- 46
内容を開く
- 想定日
2035-08-15
- year
- 8.7720739219713
- 金額
- 0
- event_type
forecast_revalidation
- event_id
crisis-2035-02
- 注記
未確定の予測日。会社発表・実施を確認し株数・権利・評価を再検証。
- 47
内容を開く
- 想定日
2035-09-17
- year
- 8.8624229979466
- 金額
- 0
- event_type
forecast_revalidation
- event_id
crisis-2035-03
- 注記
未確定の予測日。会社発表・実施を確認し株数・権利・評価を再検証。
- 48
内容を開く
- 想定日
2036-06-16
- year
- 9.6098562628337
- 金額
- 0
- event_type
forecast_revalidation
- event_id
crisis-2036-01
- 注記
未確定の予測日。会社発表・実施を確認し株数・権利・評価を再検証。
- 49
- year
- 9.609856263
- 想定日
2036-06-16
- 金額
- 0.496306335
- 50
内容を開く
- 想定日
2036-08-15
- year
- 9.7741273100616
- 金額
- 0
- event_type
forecast_revalidation
- event_id
crisis-2036-02
- 注記
未確定の予測日。会社発表・実施を確認し株数・権利・評価を再検証。
- 51
内容を開く
- 想定日
2036-09-15
- year
- 9.8590006844627
- 金額
- 0
- event_type
forecast_revalidation
- event_id
crisis-2036-03
- 注記
未確定の予測日。会社発表・実施を確認し株数・権利・評価を再検証。
その他の数値・前提
- business_driver_assumptions
内容を開く
- m_vol
- -0.03
- m_price
- -0.01
- uk_other_vol
- 0.01
- uk_other_price
- 0
- eu_vol
- 0.025
- eu_price
- -0.005
- other_growth
- 0.015
- loan_growth
- 0.015
- claim_pp
内容を開く
- 1
- 0.09
- 2
- 0.14
- 3
- 0.19
- 4
- 0.17
- 5
- 0.14
- 6
- 0.11
- 7
- 0.09
- 8
- 0.08
- 9
- 0.07
- 10
- 0.065
- 11
- 0.065
- efficiency
- -0.012
- reins_cost_mult
- 1.4
- commission_haircut
- 0.48
- loan_income_mult
- 0.93
- loan_fund_cost_mult
- 1.3
- ecl_mult
- 3.1
- invest_yield_mult
- 0.85
- div_policy
- 0.2
- buyback_fraction
- 0
- ebt_cash
- 0.48
- award_shares
- 1600000
- price_trend
- -0.055
- solv_risk_factor
- 1.22
- terminal_g
- 0.005
- terminal_norm
- 0.66
- probability_basis
深い修理費インフレ・保険引受悪化・規制資本希薄化
- initial_partial_2026
内容を開く
- period
2026-11-06_close_to_2026-12-31_close
- 開始日
2026-11-06
- 終了日
2026-12-31
- elapsed_days
- 55
- H2_total_days
- 184
- profit_accrual_oku
- 0.986413043
- sbc_pnl_included_in_profit_in_H2_oku
- 0.13451087
- sbc_credit_equity_oku
- 0.13451087
- dividends_oku
- 0
- share_buyback_cancel_oku
- 0
- ebt_cash_purchase_oku
- 0
- equity_after_oku
- 16.145
- shares_after
内容を開く
- 発行済株式数
- 305098630
- 自己株式数
- 0
- ebt_unvested_shares_estimate
- 3300000
- outside_trust_dividend_eligible_shares
- 301798630
- old_cohort_remaining_shares
- 301798630
- old_cohort_outside_share_fraction
- 1
- 親会社持分（億）
- 16.145
- eligible_own_funds_proxy_oku
- 19.520923913
- solvency_capital_requirement_proxy_oku
- 9.7
- scr_surplus_oku
- 9.820923913
- prudential_ratio_proxy
- 2.012466383
- 状態
analyst_assumption
- annualization_note
Partial income/expenses are daily proration of an explicitly assumed Jul-Dec 2026 forecast, not published 2026 2H results.
- 2026_H2_full_IFRS17_components_forecast_oku
内容を開く
- ifrs17_insurance_revenue_oku
- 24.05
- net_reinsurance_oku
- -1.525
- investment_return_oku
- 1.12
- net_insurance_finance_oku
- -0.58
- loan_interest_income_oku
- 0.94
- loan_interest_expense_oku
- -0.39
- other_revenue_profit_commission_oku
- 1.27
- other_operating_expenses_oku
- -1.77
- co_insurer_recovered_operating_expenses_oku
- 0.655
- ECL_oku
- -0.234
- finance_costs_oku
- -0.116
- insurance_service_expenses_including_sbc_oku
- -19.080526316
- ifrs17_insurance_revenue_oku
- 7.188858696
- income_and_interest_operating_revenue_oku
- 7.849456522
- net_expenses_after_investment_and_reinsurance_oku
- 6.552331236
- PBT_oku
- 1.297125286
- tax_oku
- -0.311310069
- revenue_and_expense_components_oku
内容を開く
- ifrs17_insurance_revenue_oku
- 7.188858696
- net_reinsurance_oku
- -0.455842391
- investment_return_oku
- 0.334782609
- net_insurance_finance_oku
- -0.173369565
- loan_interest_income_oku
- 0.280978261
- loan_interest_expense_oku
- -0.116576087
- other_revenue_profit_commission_oku
- 0.379619565
- other_operating_expenses_oku
- -0.529076087
- co_insurer_recovered_operating_expenses_oku
- 0.195788043
- ECL_oku
- -0.069945652
- finance_costs_oku
- -0.034673913
- insurance_service_expenses_including_sbc_oku
- -5.703418192
- pre_cutoff_Jul01_Nov06
内容を開く
- days
- 129
- IFRS17_insurance_revenue_oku
- 16.861141304
- income_and_interest_operating_revenue_oku
- 18.410543478
- net_expenses_after_investment_and_reinsurance_oku
- 15.36819508
- PBT_oku
- 3.042348398
- parent_profit_oku
- 2.313586957
- SBC_equity_credit_oku
- 0.31548913
- interim_dividend_paid_oku
- 2.138
- company_buyback_completed_oku
- 0.45
- already_in_base_equity_not_future_CF
- はい
- net_finance_costs_oku
- -0.081326087
- operating_profit_analogue_oku
- 3.123674485
- net_finance_costs_oku
- -0.034673913
- operating_profit_analogue_initial_partial_oku
- 1.331799199
- annual
内容を開く
- 1
内容を開く
- year
- 2027
- 状態
analyst_assumption_2027_to_2036_not_company_forecast
- segments_ifrs17_revenue_oku
内容を開く
- UK_motor
- 31.6668528
- UK_other_insurance
- 7.5548
- European_insurance
- 7.0289785
- Other_insurance
- 1.40273
- ifrs17_insurance_revenue_oku
- 47.6533613
- insurance_services_expenses_including_sbc_oku
- -41.276923628
- net_reinsurance_service_result_oku
- -4.175658788
- investment_return_oku
- 1.877900586
- insurance_finance_result_oku
- -1.154546268
- financial_services_interest_income_oku
- 1.7047737
- financial_services_interest_expense_oku
- -1.02921
- other_revenue_and_profit_commission_oku
- 2.05380134
- other_operating_expenses_including_sbc_oku
- -3.512146049
- other_operating_expenses_recoverable_from_co_insurers_oku
- 1.281056912
- expected_credit_loss_and_writeoffs_oku
- -1.472562
- finance_cost_net_oku
- -0.2378
- normalized_nonrecurring_adjustment_oku
- -0.408
- operating_revenue_analytical_oku
- 51.41193634
- net_expenses_after_investment_and_reinsurance_oku
- 50.107889235
- pbt_parent_continuing_proxy_oku
- 1.304047105
- income_tax_oku
- -0.312971305
- profit_after_tax_parent_sbc_deducted_oku
- 0.9930758
- non_controlling_profit_estimate_oku
- -0.002
- sbc_pnl_included_in_costs_oku
- 0.91052
- sbc_equity_credit_oku
- 0.91052
- uk_motor_reported_loss_ratio_reference
- 0.649
- uk_motor_core_combined_ratio_reference
- 0.878
- uk_motor_vehicle_policies_m
- 5.5969
- uk_motor_annualized_written_premium_per_current_policy_gbp
- 683.460311958
- uk_motor_total_premiums_written_oku
- 38.2525902
- admiral_money_gross_loan_balance_oku
- 19.05967
- loan_ecl_cost_assumption_multiple
- 3.1
- reinsurance_cost_assumption_multiple
- 1.4
- detail_adjustments
内容を開く
- uk_motor_claim_impact_oku
- -2.850016752
- reinsurance_net_oku
- -4.175658788
- credit_cost_oku
- -1.472562
- normalization_ex_2026_one_off_oku
- -0.408
- date_start
2027-01-01
- date_end_projection
2027-12-31
- period_days_in_year
- 365
- cutoff_capital_date
2027-12-31
- forecast_after_horizon_not_realised_in_capital_oku
- 0
- as_of_event_start
内容を開く
- 発行済株式数
- 305098630
- 自己株式数
- 0
- ebt_unvested_shares_estimate
- 3300000
- outside_trust_dividend_eligible_shares
- 301798630
- old_cohort_remaining_shares
- 301798630
- old_cohort_outside_share_fraction
- 1
- 親会社持分（億）
- 16.145
- eligible_own_funds_proxy_oku
- 19.520923913
- solvency_capital_requirement_proxy_oku
- 9.7
- scr_surplus_oku
- 9.820923913
- prudential_ratio_proxy
- 2.012466383
- as_of_year_end_or_horizon
内容を開く
- 発行済株式数
- 309995441
- 自己株式数
- 0
- ebt_unvested_shares_estimate
- 2991145.165
- outside_trust_dividend_eligible_shares
- 307004295.799
- old_cohort_remaining_shares
- 300507484.835
- old_cohort_outside_share_fraction
- 0.978838045
- 親会社持分（億）
- 16.744241665
- eligible_own_funds_proxy_oku
- 20.120165578
- solvency_capital_requirement_proxy_oku
- 11.773313021
- scr_surplus_oku
- 8.346852557
- prudential_ratio_proxy
- 1.708963785
- subperiod_realization_factor
- 1
- realized_parent_profit_oku
- 0.9930758
- realized_sbc_equity_credit_oku
- 0.91052
- sbc_pnl_allocated_to_insurance_expenses_oku
- 0.3824184
- sbc_pnl_allocated_to_other_operating_expenses_oku
- 0.5281016
- cash_capital_transfers
内容を開く
- dividends_oku
- 2.24430758
- ordinary_dividends_oku
- 2.24430758
- special_dividend_oku
- 0
- buyback_oku
- 0
- ebt_acquisition_oku
- 0.48
- new_outside_equity_raised_oku
- 1.419953445
- old_holder_actual_cash_events_year_sum_oku
- 2.723781634
- company_noncash_vested_shares
- 1600000
- company_net_issued_share_change
- 4896810.9642436
- company_treasury_share_change
- 0
- employee_trust_share_change
- -308854.83493516
- old_holder_equity_share_remaining
- 0.978838045
- equity_reconciliation
内容を開く
- opening_oku
- 16.145
- profit_oku
- 0.9930758
- share_scheme_credit_non_cash_oku
- 0.91052
- dividends_oku
- -2.24430758
- company_buyback_oku
- -0
- EBT_cash_acquisition_oku
- -0.48
- new_paid_in_capital_oku
- 1.419953445
- closing_oku
- 16.744241665
- share_reconciliation
内容を開く
- issued_open
- 305098630
- cancelled
- -0
- third_party_new
- 4896810.9642436
- issued_close
- 309995441
- trust_open
- 3300000
- trust_purchased
- 1291145.1650648
- trust_vested
- -1600000
- trust_close
- 2991145.165
- old_open
- 301798630
- old_pro_rata_sold
- 1291145.165
- old_close
- 300507484.835
- solvency_valuation
内容を開く
- eligible_ownfund_oku
- 20.120165578
- scr_oku
- 11.773313021
- surplus_over_scr_oku
- 8.346852557
- headroom_to_160pct_scr_oku
- 1.282864744
- ratio
- 1.708963785
- event_details
内容を開く
- 1
内容を開く
- 想定日
2027-05-17
- year
- 0.525667351
- event_type
dividend_final_prior_fiscal_year
- company_cash_oku
- 2.145
- old_holder_cash_received_oku
- 2.145
- old_holder_shares_after
- 301798630
- eligible_shares_after
- 301798630
- company_equity_after_oku
- 14.714500341
- capital_surplus_after_oku
- 8.390424254
- basis
analyst_assumption
- ex_date
- 未確認
- record_date_assumed
2027-05-07
- payable_amount_oku
- 2.145
- dps_gbp
- 0.710738813
- old_shares_entitled_at_ex
- 301798630
- eligible_shares_at_ex
- 301798630
- event_id
crisis-2027-01
- event_date_status
analyst_estimated_not_issuer_announced_as_of_2026_11_06
- issuer_confirmation_status
unconfirmed_future_scenario_event
- requires_display_revalidation_on_real_world_occurrence
- はい
- revalidate_immediately_on_issuer_announcement_even_before_assumed_date
- はい
- model_assumption_payment_or_execution_date
2027-05-17
- event_assumption_as_of_date
2026-11-06
- verification_instructions
Confirm official declaration, ex-date, record date, pay date, GBP/share, distributable capital, share count at ex-date, old cohort entitlement and payment; recompute holder CF PV/IRR and balance sheet/SCR on change.
- ex_date_assumed
2027-05-06
- ex_date_assumed_previous_unadjusted
2027-05-03
- ex_date_status
forecast_only_unannounced_not_confirmed
- record_date_assumed_prior_model
2027-05-04
- record_date_confirmed
- 未確認
- payment_date_assumed
2027-05-17
- payment_date_confirmed
- 未確認
- dividend_per_share_gbp_status
analyst_assumption_not_declared
- ex_date_weekday_utc_calendar
Thursday
- uk_bank_holiday_clearance_verified
- いいえ
- issuer_confirmed_ex_date
- 未確認
- revalidation_due_dates_assumed
- 1
2027-05-06
- 2
2027-05-07
- 3
2027-05-17
- first_revalidation_date_assumed
2027-05-06
- display_review_required_when_event_executed_or_announced
- はい
- 2
内容を開く
- 想定日
2027-06-15
- year
- 0.605065024
- event_type
employee_trust_open_market_purchase
- company_cash_oku
- 0.48
- old_holder_cash_received_oku
- 0.48
- old_holder_shares_after
- 300507484.83494
- eligible_shares_after
- 300507484.83494
- company_equity_after_oku
- 14.385744939
- capital_surplus_after_oku
- 8.061668852
- basis
analyst_assumption
- price_per_share_gbp_assumed
- 37.1763
- shares_acquired_by_trust
- 1291145.1650648
- old_cohort_pro_rata_shares_sold
- 1291145.1650648
- non_cash_sbc_excluded
- はい
- event_id
crisis-2027-02
- event_date_status
analyst_estimated_not_issuer_announced_as_of_2026_11_06
- issuer_confirmation_status
unconfirmed_future_scenario_event
- requires_display_revalidation_on_real_world_occurrence
- はい
- revalidate_immediately_on_issuer_announcement_even_before_assumed_date
- はい
- model_assumption_payment_or_execution_date
2027-06-15
- event_assumption_as_of_date
2026-11-06
- verification_instructions
Verify EBT purchase confirmations, execution dates, volume, price, number of employee-held shares, resulting old-holder market sale assumptions, cash and eligible own funds.
- trust_purchase_execution_date_assumed
2027-06-15
- settlement_date_confirmed
- 未確認
- revalidation_due_dates_assumed
- 1
2027-06-15
- first_revalidation_date_assumed
2027-06-15
- display_review_required_when_event_executed_or_announced
- はい
- 3
内容を開く
- 想定日
2027-08-16
- year
- 0.774811773
- event_type
noncash_ebt_shares_vested_to_staff
- company_cash_oku
- 0
- old_holder_cash_received_oku
- 0
- old_holder_shares_after
- 300507484.83494
- eligible_shares_after
- 302107484.83494
- company_equity_after_oku
- 14.709095459
- capital_surplus_after_oku
- 8.385019372
- basis
analyst_assumption
- vested_shares
- 1600000
- issued_change
- 0
- old_cohort_shares_change
- 0
- noncash_event_not_in_timed_cashflows
- はい
- event_id
crisis-2027-03
- event_date_status
analyst_estimated_not_issuer_announced_as_of_2026_11_06
- issuer_confirmation_status
unconfirmed_future_scenario_event
- requires_display_revalidation_on_real_world_occurrence
- はい
- revalidate_immediately_on_issuer_announcement_even_before_assumed_date
- はい
- model_assumption_payment_or_execution_date
2027-08-16
- event_assumption_as_of_date
2026-11-06
- verification_instructions
Verify vest/settlement date, actual allocated shares, EBT transfer versus new issuance, trust holdings, eligible dividend shares and old-holder ownership; do NOT create a cash flow from SBC alone.
- award_vesting_and_share_delivery_date_assumed
2027-08-16
- stock_delivery_date_confirmed
- 未確認
- not_old_holder_cashflow
- はい
- revalidation_due_dates_assumed
- 1
2027-08-16
- first_revalidation_date_assumed
2027-08-16
- display_review_required_when_event_executed_or_announced
- はい
- 4
内容を開く
- 想定日
2027-09-15
- year
- 0.856947296
- event_type
external_equity_financing_not_holder_cash
- company_cash_oku
- -1.419953445
- old_holder_cash_received_oku
- 0
- old_holder_shares_after
- 300507484.83494
- eligible_shares_after
- 307004295.79918
- company_equity_after_oku
- 16.285508832
- capital_surplus_after_oku
- 7.888119724
- basis
analyst_assumption
- new_shares_issued
- 4896810.9642436
- issue_price_gbp_assumed
- 28.997514
- outside_investors_pay_company_not_old_cohort
- はい
- event_id
crisis-2027-04
- event_date_status
analyst_estimated_not_issuer_announced_as_of_2026_11_06
- issuer_confirmation_status
unconfirmed_future_scenario_event
- requires_display_revalidation_on_real_world_occurrence
- はい
- revalidate_immediately_on_issuer_announcement_even_before_assumed_date
- はい
- model_assumption_payment_or_execution_date
2027-09-15
- event_assumption_as_of_date
2026-11-06
- verification_instructions
Verify paid-in proceeds, actual issue date/price/count, dilution of existing holders and impact on parent capital and solvency; do not treat new investor payment as old-holder cash.
- external_share_issue_date_assumed
2027-09-15
- new_share_issue_date_confirmed
- 未確認
- revalidation_due_dates_assumed
- 1
2027-09-15
- first_revalidation_date_assumed
2027-09-15
- display_review_required_when_event_executed_or_announced
- はい
- 5
内容を開く
- 想定日
2027-10-04
- year
- 0.908966461
- event_type
dividend_interim_current_fiscal_year
- company_cash_oku
- 0.09930758
- old_holder_cash_received_oku
- 0.098781634
- old_holder_shares_after
- 300507484.83494
- eligible_shares_after
- 307004295.79918
- company_equity_after_oku
- 16.28529254
- capital_surplus_after_oku
- 7.887903432
- basis
analyst_assumption
- ex_date
- 未確認
- record_date_assumed
2027-09-03
- payable_amount_oku
- 0.09930758
- dps_gbp
- 0.032871605
- old_shares_entitled_at_ex
- 300507484.83494
- eligible_shares_at_ex
- 302107484.83494
- event_id
crisis-2027-05
- event_date_status
analyst_estimated_not_issuer_announced_as_of_2026_11_06
- issuer_confirmation_status
unconfirmed_future_scenario_event
- requires_display_revalidation_on_real_world_occurrence
- はい
- revalidate_immediately_on_issuer_announcement_even_before_assumed_date
- はい
- model_assumption_payment_or_execution_date
2027-10-04
- event_assumption_as_of_date
2026-11-06
- verification_instructions
Confirm official declaration, ex-date, record date, pay date, GBP/share, distributable capital, share count at ex-date, old cohort entitlement and payment; recompute holder CF PV/IRR and balance sheet/SCR on change.
- ex_date_assumed
2027-09-02
- ex_date_assumed_previous_unadjusted
2027-09-03
- ex_date_status
forecast_only_unannounced_not_confirmed
- record_date_assumed_prior_model
2027-09-06
- record_date_confirmed
- 未確認
- payment_date_assumed
2027-10-04
- payment_date_confirmed
- 未確認
- dividend_per_share_gbp_status
analyst_assumption_not_declared
- ex_date_weekday_utc_calendar
Thursday
- uk_bank_holiday_clearance_verified
- いいえ
- issuer_confirmed_ex_date
- 未確認
- revalidation_due_dates_assumed
- 1
2027-09-02
- 2
2027-09-03
- 3
2027-10-04
- first_revalidation_date_assumed
2027-09-02
- display_review_required_when_event_executed_or_announced
- はい
- insurance_service_result_oku
- 2.200778884
- net_insurance_and_investment_result_oku
- 2.924133202
- financial_services_net_interest_oku
- 0.6755637
- net_other_income_and_expenses_with_model_adjustment_oku
- -2.057849797
- 営業利益（億）
- 1.541847105
- operating_profit_status
analyst_forecast_issuer_IFRS_operating_profit_presentation_analogue
- operating_profit_display_label_ja
営業利益（IFRS連結損益計算書Operating profit準拠の予測）
- operating_profit_is_PBT
- いいえ
- operating_profit_bridge_oku
内容を開く
- ifrs17_insurance_revenue
- 47.6533613
- insurance_service_expenses_including_sbc
- -41.276923628
- net_reinsurance_service_result
- -4.175658788
- insurance_service_result
- 2.200778884
- investment_return
- 1.877900586
- net_insurance_finance_result
- -1.154546268
- net_insurance_and_investment_result
- 2.924133202
- financial_services_interest_income
- 1.7047737
- financial_services_interest_expense
- -1.02921
- net_financial_services_interest
- 0.6755637
- other_revenue_and_profit_commission
- 2.05380134
- other_operating_expenses_including_sbc
- -3.512146049
- other_operating_expenses_recovered_from_co_insurers
- 1.281056912
- expected_credit_losses_and_writeoffs
- -1.472562
- other_operating_before_model_adjustment
- -1.649849797
- unallocated_model_operating_adjustment_not_issuer_disclosure
- -0.408
- total_other_operating_income_and_expenses_after_adjustment
- -2.057849797
- operating_profit
- 1.541847105
- net_finance_costs_below_operating_profit
- -0.2378
- PBT_continuing_group_proxy
- 1.304047105
- reconciliation_error_oku
- 0
- SBC_annual_expense_already_included_in_op_costs
- 0.91052
- categorisation_note
Additional normalisation is assigned to other operating expenses for the purpose of matching original PBT. It is not a reported future statutory line.
- 2
内容を開く
- year
- 2028
- 状態
analyst_assumption_2027_to_2036_not_company_forecast
- segments_ifrs17_revenue_oku
内容を開く
- UK_motor
- 30.409678744
- UK_other_insurance
- 7.630348
- European_insurance
- 7.168679448
- Other_insurance
- 1.42377095
- ifrs17_insurance_revenue_oku
- 46.632477142
- insurance_services_expenses_including_sbc_oku
- -42.327455903
- net_reinsurance_service_result_oku
- -4.086203107
- investment_return_oku
- 1.849928821
- insurance_finance_result_oku
- -1.136099961
- financial_services_interest_income_oku
- 1.730345305
- financial_services_interest_expense_oku
- -1.04464815
- other_revenue_and_profit_commission_oku
- 2.000588827
- other_operating_expenses_including_sbc_oku
- -3.499102927
- other_operating_expenses_recoverable_from_co_insurers_oku
- 1.253612663
- expected_credit_loss_and_writeoffs_oku
- -1.49465043
- finance_cost_net_oku
- -0.243745
- normalized_nonrecurring_adjustment_oku
- -0.408
- operating_revenue_analytical_oku
- 50.363411274
- net_expenses_after_investment_and_reinsurance_oku
- 51.136363995
- pbt_parent_continuing_proxy_oku
- -0.772952721
- income_tax_oku
- -0
- profit_after_tax_parent_sbc_deducted_oku
- -0.770952721
- non_controlling_profit_estimate_oku
- -0.002
- sbc_pnl_included_in_costs_oku
- 0.9378356
- sbc_equity_credit_oku
- 0.9378356
- uk_motor_reported_loss_ratio_reference
- 0.699
- uk_motor_core_combined_ratio_reference
- 0.928
- uk_motor_vehicle_policies_m
- 5.428993
- uk_motor_annualized_written_premium_per_current_policy_gbp
- 676.625708839
- uk_motor_total_premiums_written_oku
- 36.733962369
- admiral_money_gross_loan_balance_oku
- 19.34556505
- loan_ecl_cost_assumption_multiple
- 3.1
- reinsurance_cost_assumption_multiple
- 1.4
- detail_adjustments
内容を開く
- uk_motor_claim_impact_oku
- -4.257355024
- reinsurance_net_oku
- -4.086203107
- credit_cost_oku
- -1.49465043
- normalization_ex_2026_one_off_oku
- -0.408
- date_start
2028-01-01
- date_end_projection
2028-12-31
- period_days_in_year
- 366
- cutoff_capital_date
2028-12-31
- forecast_after_horizon_not_realised_in_capital_oku
- -0
- as_of_event_start
内容を開く
- 発行済株式数
- 309995441
- 自己株式数
- 0
- ebt_unvested_shares_estimate
- 2991145.165
- outside_trust_dividend_eligible_shares
- 307004295.799
- old_cohort_remaining_shares
- 300507484.835
- old_cohort_outside_share_fraction
- 0.978838045
- 親会社持分（億）
- 16.744241665
- eligible_own_funds_proxy_oku
- 20.120165578
- solvency_capital_requirement_proxy_oku
- 11.773313021
- scr_surplus_oku
- 8.346852557
- prudential_ratio_proxy
- 1.708963785
- as_of_year_end_or_horizon
内容を開く
- 発行済株式数
- 309995441
- 自己株式数
- 0
- ebt_unvested_shares_estimate
- 2776492.498
- outside_trust_dividend_eligible_shares
- 307218948.466
- old_cohort_remaining_shares
- 299132660.469
- old_cohort_outside_share_fraction
- 0.973679071
- 親会社持分（億）
- 16.318376964
- eligible_own_funds_proxy_oku
- 19.694300877
- solvency_capital_requirement_proxy_oku
- 11.716954277
- scr_surplus_oku
- 7.9773466
- prudential_ratio_proxy
- 1.680837905
- subperiod_realization_factor
- 1
- realized_parent_profit_oku
- -0.770952721
- realized_sbc_equity_credit_oku
- 0.9378356
- sbc_pnl_allocated_to_insurance_expenses_oku
- 0.393890952
- sbc_pnl_allocated_to_other_operating_expenses_oku
- 0.543944648
- cash_capital_transfers
内容を開く
- dividends_oku
- 0.09930758
- ordinary_dividends_oku
- 0.09930758
- special_dividend_oku
- 0
- buyback_oku
- 0
- ebt_acquisition_oku
- 0.49344
- new_outside_equity_raised_oku
- 0
- old_holder_actual_cash_events_year_sum_oku
- 0.580203883
- company_noncash_vested_shares
- 1619200
- company_net_issued_share_change
- 0
- company_treasury_share_change
- 0
- employee_trust_share_change
- -214652.66699825
- old_holder_equity_share_remaining
- 0.973679071
- equity_reconciliation
内容を開く
- opening_oku
- 16.744241665
- profit_oku
- -0.770952721
- share_scheme_credit_non_cash_oku
- 0.9378356
- dividends_oku
- -0.09930758
- company_buyback_oku
- -0
- EBT_cash_acquisition_oku
- -0.49344
- new_paid_in_capital_oku
- 0
- closing_oku
- 16.318376964
- share_reconciliation
内容を開く
- issued_open
- 309995441
- cancelled
- -0
- third_party_new
- 0
- issued_close
- 309995441
- trust_open
- 2991145.165
- trust_purchased
- 1404547.3330018
- trust_vested
- -1619200
- trust_close
- 2776492.498
- old_open
- 300507484.835
- old_pro_rata_sold
- 1374824.366
- old_close
- 299132660.469
- solvency_valuation
内容を開く
- eligible_ownfund_oku
- 19.694300877
- scr_oku
- 11.716954277
- surplus_over_scr_oku
- 7.9773466
- headroom_to_160pct_scr_oku
- 0.947174034
- ratio
- 1.680837905
- event_details
- 1
内容を開く
- 想定日
2028-05-15
- year
- 1.522245038
- event_type
dividend_final_prior_fiscal_year
- company_cash_oku
- 0.09930758
- old_holder_cash_received_oku
- 0.097206037
- old_holder_shares_after
- 300507484.83494
- eligible_shares_after
- 307004295.79918
- company_equity_after_oku
- 16.706945209
- capital_surplus_after_oku
- 8.309556101
- basis
analyst_assumption
- ex_date
- 未確認
- record_date_assumed
2028-05-05
- payable_amount_oku
- 0.09930758
- dps_gbp
- 0.032347293
- old_shares_entitled_at_ex
- 300507484.83494
- eligible_shares_at_ex
- 307004295.79918
- event_id
crisis-2028-01
- event_date_status
analyst_estimated_not_issuer_announced_as_of_2026_11_06
- issuer_confirmation_status
unconfirmed_future_scenario_event
- requires_display_revalidation_on_real_world_occurrence
- はい
- revalidate_immediately_on_issuer_announcement_even_before_assumed_date
- はい
- model_assumption_payment_or_execution_date
2028-05-15
- event_assumption_as_of_date
2026-11-06
- verification_instructions
Confirm official declaration, ex-date, record date, pay date, GBP/share, distributable capital, share count at ex-date, old cohort entitlement and payment; recompute holder CF PV/IRR and balance sheet/SCR on change.
- ex_date_assumed
2028-05-04
- ex_date_assumed_previous_unadjusted
2028-05-01
- ex_date_status
forecast_only_unannounced_not_confirmed
- record_date_assumed_prior_model
2028-05-02
- record_date_confirmed
- 未確認
- payment_date_assumed
2028-05-15
- payment_date_confirmed
- 未確認
- dividend_per_share_gbp_status
analyst_assumption_not_declared
- ex_date_weekday_utc_calendar
Thursday
- uk_bank_holiday_clearance_verified
- いいえ
- issuer_confirmed_ex_date
- 未確認
- revalidation_due_dates_assumed
- 1
2028-05-04
- 2
2028-05-05
- 3
2028-05-15
- first_revalidation_date_assumed
2028-05-04
- display_review_required_when_event_executed_or_announced
- はい
- 2
内容を開く
- 想定日
2028-06-15
- year
- 1.607118412
- event_type
employee_trust_open_market_purchase
- company_cash_oku
- 0.49344
- old_holder_cash_received_oku
- 0.482997845
- old_holder_shares_after
- 299132660.4688
- eligible_shares_after
- 305599748.46618
- company_equity_after_oku
- 16.227640098
- capital_surplus_after_oku
- 7.83025099
- basis
analyst_assumption
- price_per_share_gbp_assumed
- 35.1316035
- shares_acquired_by_trust
- 1404547.3330018
- old_cohort_pro_rata_shares_sold
- 1374824.3661322
- non_cash_sbc_excluded
- はい
- event_id
crisis-2028-02
- event_date_status
analyst_estimated_not_issuer_announced_as_of_2026_11_06
- issuer_confirmation_status
unconfirmed_future_scenario_event
- requires_display_revalidation_on_real_world_occurrence
- はい
- revalidate_immediately_on_issuer_announcement_even_before_assumed_date
- はい
- model_assumption_payment_or_execution_date
2028-06-15
- event_assumption_as_of_date
2026-11-06
- verification_instructions
Verify EBT purchase confirmations, execution dates, volume, price, number of employee-held shares, resulting old-holder market sale assumptions, cash and eligible own funds.
- trust_purchase_execution_date_assumed
2028-06-15
- settlement_date_confirmed
- 未確認
- revalidation_due_dates_assumed
- 1
2028-06-15
- first_revalidation_date_assumed
2028-06-15
- display_review_required_when_event_executed_or_announced
- はい
- 3
内容を開く
- 想定日
2028-08-15
- year
- 1.77412731
- event_type
noncash_ebt_shares_vested_to_staff
- company_cash_oku
- 0
- old_holder_cash_received_oku
- 0
- old_holder_shares_after
- 299132660.4688
- eligible_shares_after
- 307218948.46618
- company_equity_after_oku
- 16.255453911
- capital_surplus_after_oku
- 7.858064803
- basis
analyst_assumption
- vested_shares
- 1619200
- issued_change
- 0
- old_cohort_shares_change
- 0
- noncash_event_not_in_timed_cashflows
- はい
- event_id
crisis-2028-03
- event_date_status
analyst_estimated_not_issuer_announced_as_of_2026_11_06
- issuer_confirmation_status
unconfirmed_future_scenario_event
- requires_display_revalidation_on_real_world_occurrence
- はい
- revalidate_immediately_on_issuer_announcement_even_before_assumed_date
- はい
- model_assumption_payment_or_execution_date
2028-08-15
- event_assumption_as_of_date
2026-11-06
- verification_instructions
Verify vest/settlement date, actual allocated shares, EBT transfer versus new issuance, trust holdings, eligible dividend shares and old-holder ownership; do NOT create a cash flow from SBC alone.
- award_vesting_and_share_delivery_date_assumed
2028-08-15
- stock_delivery_date_confirmed
- 未確認
- not_old_holder_cashflow
- はい
- revalidation_due_dates_assumed
- 1
2028-08-15
- first_revalidation_date_assumed
2028-08-15
- display_review_required_when_event_executed_or_announced
- はい
- insurance_service_result_oku
- 0.218818132
- net_insurance_and_investment_result_oku
- 0.932646992
- financial_services_net_interest_oku
- 0.685697155
- net_other_income_and_expenses_with_model_adjustment_oku
- -2.147551867
- 営業利益（億）
- -0.52920772
- operating_profit_status
analyst_forecast_issuer_IFRS_operating_profit_presentation_analogue
- operating_profit_display_label_ja
営業利益（IFRS連結損益計算書Operating profit準拠の予測）
- operating_profit_is_PBT
- いいえ
- operating_profit_bridge_oku
内容を開く
- ifrs17_insurance_revenue
- 46.632477142
- insurance_service_expenses_including_sbc
- -42.327455903
- net_reinsurance_service_result
- -4.086203107
- insurance_service_result
- 0.218818132
- investment_return
- 1.849928821
- net_insurance_finance_result
- -1.136099961
- net_insurance_and_investment_result
- 0.932646992
- financial_services_interest_income
- 1.730345305
- financial_services_interest_expense
- -1.04464815
- net_financial_services_interest
- 0.685697155
- other_revenue_and_profit_commission
- 2.000588827
- other_operating_expenses_including_sbc
- -3.499102927
- other_operating_expenses_recovered_from_co_insurers
- 1.253612663
- expected_credit_losses_and_writeoffs
- -1.49465043
- other_operating_before_model_adjustment
- -1.739551867
- unallocated_model_operating_adjustment_not_issuer_disclosure
- -0.408
- total_other_operating_income_and_expenses_after_adjustment
- -2.147551867
- operating_profit
- -0.52920772
- net_finance_costs_below_operating_profit
- -0.243745
- PBT_continuing_group_proxy
- -0.772952721
- reconciliation_error_oku
- 1.0E-9
- SBC_annual_expense_already_included_in_op_costs
- 0.9378356
- categorisation_note
Additional normalisation is assigned to other operating expenses for the purpose of matching original PBT. It is not a reported future statutory line.
- 3
内容を開く
- year
- 2029
- 状態
analyst_assumption_2027_to_2036_not_company_forecast
- segments_ifrs17_revenue_oku
内容を開く
- UK_motor
- 29.202414498
- UK_other_insurance
- 7.70665148
- European_insurance
- 7.311156952
- Other_insurance
- 1.445127514
- ifrs17_insurance_revenue_oku
- 45.665350444
- insurance_services_expenses_including_sbc_oku
- -43.291734679
- net_reinsurance_service_result_oku
- -4.00145796
- investment_return_oku
- 1.823429986
- insurance_finance_result_oku
- -1.118624996
- financial_services_interest_income_oku
- 1.756300485
- financial_services_interest_expense_oku
- -1.060317872
- other_revenue_and_profit_commission_oku
- 1.950178365
- other_operating_expenses_including_sbc_oku
- -3.488859683
- other_operating_expenses_recoverable_from_co_insurers_oku
- 1.227613566
- expected_credit_loss_and_writeoffs_oku
- -1.517070186
- finance_cost_net_oku
- -0.249838625
- normalized_nonrecurring_adjustment_oku
- -0.408
- operating_revenue_analytical_oku
- 49.371829294
- net_expenses_after_investment_and_reinsurance_oku
- 52.084860451
- pbt_parent_continuing_proxy_oku
- -2.713031157
- income_tax_oku
- -0
- profit_after_tax_parent_sbc_deducted_oku
- -2.711031157
- non_controlling_profit_estimate_oku
- -0.002
- sbc_pnl_included_in_costs_oku
- 0.965970668
- sbc_equity_credit_oku
- 0.965970668
- uk_motor_reported_loss_ratio_reference
- 0.749
- uk_motor_core_combined_ratio_reference
- 0.978
- uk_motor_vehicle_policies_m
- 5.26612321
- uk_motor_annualized_written_premium_per_current_policy_gbp
- 669.85945175
- uk_motor_total_premiums_written_oku
- 35.275624063
- admiral_money_gross_loan_balance_oku
- 19.635748526
- loan_ecl_cost_assumption_multiple
- 3.1
- reinsurance_cost_assumption_multiple
- 1.4
- detail_adjustments
内容を開く
- uk_motor_claim_impact_oku
- -5.548458755
- reinsurance_net_oku
- -4.00145796
- credit_cost_oku
- -1.517070186
- normalization_ex_2026_one_off_oku
- -0.408
- date_start
2029-01-01
- date_end_projection
2029-12-31
- period_days_in_year
- 365
- cutoff_capital_date
2029-12-31
- forecast_after_horizon_not_realised_in_capital_oku
- -0
- as_of_event_start
内容を開く
- 発行済株式数
- 309995441
- 自己株式数
- 0
- ebt_unvested_shares_estimate
- 2776492.498
- outside_trust_dividend_eligible_shares
- 307218948.466
- old_cohort_remaining_shares
- 299132660.469
- old_cohort_outside_share_fraction
- 0.973679071
- 親会社持分（億）
- 16.318376964
- eligible_own_funds_proxy_oku
- 19.694300877
- solvency_capital_requirement_proxy_oku
- 11.716954277
- scr_surplus_oku
- 7.9773466
- prudential_ratio_proxy
- 1.680837905
- as_of_year_end_or_horizon
内容を開く
- 発行済株式数
- 315927739
- 自己株式数
- 0
- ebt_unvested_shares_estimate
- 2665771.789
- outside_trust_dividend_eligible_shares
- 313261967.522
- old_cohort_remaining_shares
- 297644966.779
- old_cohort_outside_share_fraction
- 0.950147154
- 親会社持分（億）
- 15.602258766
- eligible_own_funds_proxy_oku
- 18.978182679
- solvency_capital_requirement_proxy_oku
- 11.664782264
- scr_surplus_oku
- 7.313400415
- prudential_ratio_proxy
- 1.62696416
- subperiod_realization_factor
- 1
- realized_parent_profit_oku
- -2.711031157
- realized_sbc_equity_credit_oku
- 0.965970668
- sbc_pnl_allocated_to_insurance_expenses_oku
- 0.405707681
- sbc_pnl_allocated_to_other_operating_expenses_oku
- 0.560262987
- cash_capital_transfers
内容を開く
- dividends_oku
- 0
- ordinary_dividends_oku
- 0
- special_dividend_oku
- 0
- buyback_oku
- 0
- ebt_acquisition_oku
- 0.50725632
- new_outside_equity_raised_oku
- 1.536198611
- old_holder_actual_cash_events_year_sum_oku
- 0.493904863
- company_noncash_vested_shares
- 1638630.4
- company_net_issued_share_change
- 5932298.3468198
- company_treasury_share_change
- 0
- employee_trust_share_change
- -110720.70864995
- old_holder_equity_share_remaining
- 0.950147154
- equity_reconciliation
内容を開く
- opening_oku
- 16.318376964
- profit_oku
- -2.711031157
- share_scheme_credit_non_cash_oku
- 0.965970668
- dividends_oku
- -0
- company_buyback_oku
- -0
- EBT_cash_acquisition_oku
- -0.50725632
- new_paid_in_capital_oku
- 1.536198611
- closing_oku
- 15.602258766
- share_reconciliation
内容を開く
- issued_open
- 309995441
- cancelled
- -0
- third_party_new
- 5932298.3468198
- issued_close
- 315927739
- trust_open
- 2776492.498
- trust_purchased
- 1527909.6913501
- trust_vested
- -1638630.4
- trust_close
- 2665771.789
- old_open
- 299132660.469
- old_pro_rata_sold
- 1487693.69
- old_close
- 297644966.779
- solvency_valuation
内容を開く
- eligible_ownfund_oku
- 18.978182679
- scr_oku
- 11.664782264
- surplus_over_scr_oku
- 7.313400415
- headroom_to_160pct_scr_oku
- 0.314531056
- ratio
- 1.62696416
- event_details
- 1
内容を開く
- 想定日
2029-06-15
- year
- 2.606433949
- event_type
employee_trust_open_market_purchase
- company_cash_oku
- 0.50725632
- old_holder_cash_received_oku
- 0.493904863
- old_holder_shares_after
- 297644966.7793
- eligible_shares_after
- 305691038.77483
- company_equity_after_oku
- 15.017476695
- capital_surplus_after_oku
- 6.676446332
- basis
analyst_assumption
- price_per_share_gbp_assumed
- 33.199365307
- shares_acquired_by_trust
- 1527909.6913501
- old_cohort_pro_rata_shares_sold
- 1487693.6895054
- non_cash_sbc_excluded
- はい
- event_id
crisis-2029-01
- event_date_status
analyst_estimated_not_issuer_announced_as_of_2026_11_06
- issuer_confirmation_status
unconfirmed_future_scenario_event
- requires_display_revalidation_on_real_world_occurrence
- はい
- revalidate_immediately_on_issuer_announcement_even_before_assumed_date
- はい
- model_assumption_payment_or_execution_date
2029-06-15
- event_assumption_as_of_date
2026-11-06
- verification_instructions
Verify EBT purchase confirmations, execution dates, volume, price, number of employee-held shares, resulting old-holder market sale assumptions, cash and eligible own funds.
- trust_purchase_execution_date_assumed
2029-06-15
- settlement_date_confirmed
- 未確認
- revalidation_due_dates_assumed
- 1
2029-06-15
- first_revalidation_date_assumed
2029-06-15
- display_review_required_when_event_executed_or_announced
- はい
- 2
内容を開く
- 想定日
2029-08-15
- year
- 2.773442847
- event_type
noncash_ebt_shares_vested_to_staff
- company_cash_oku
- 0
- old_holder_cash_received_oku
- 0
- old_holder_shares_after
- 297644966.7793
- eligible_shares_after
- 307329669.17483
- company_equity_after_oku
- 14.725836449
- capital_surplus_after_oku
- 6.384806086
- basis
analyst_assumption
- vested_shares
- 1638630.4
- issued_change
- 0
- old_cohort_shares_change
- 0
- noncash_event_not_in_timed_cashflows
- はい
- event_id
crisis-2029-02
- event_date_status
analyst_estimated_not_issuer_announced_as_of_2026_11_06
- issuer_confirmation_status
unconfirmed_future_scenario_event
- requires_display_revalidation_on_real_world_occurrence
- はい
- revalidate_immediately_on_issuer_announcement_even_before_assumed_date
- はい
- model_assumption_payment_or_execution_date
2029-08-15
- event_assumption_as_of_date
2026-11-06
- verification_instructions
Verify vest/settlement date, actual allocated shares, EBT transfer versus new issuance, trust holdings, eligible dividend shares and old-holder ownership; do NOT create a cash flow from SBC alone.
- award_vesting_and_share_delivery_date_assumed
2029-08-15
- stock_delivery_date_confirmed
- 未確認
- not_old_holder_cashflow
- はい
- revalidation_due_dates_assumed
- 1
2029-08-15
- first_revalidation_date_assumed
2029-08-15
- display_review_required_when_event_executed_or_announced
- はい
- 3
内容を開く
- 想定日
2029-09-17
- year
- 2.863791923
- event_type
external_equity_financing_not_holder_cash
- company_cash_oku
- -1.536198611
- old_holder_cash_received_oku
- 0
- old_holder_shares_after
- 297644966.7793
- eligible_shares_after
- 313261967.52165
- company_equity_after_oku
- 16.104262468
- capital_surplus_after_oku
- 7.815404117
- basis
analyst_assumption
- new_shares_issued
- 5932298.3468198
- issue_price_gbp_assumed
- 25.89550494
- outside_investors_pay_company_not_old_cohort
- はい
- event_id
crisis-2029-03
- event_date_status
analyst_estimated_not_issuer_announced_as_of_2026_11_06
- issuer_confirmation_status
unconfirmed_future_scenario_event
- requires_display_revalidation_on_real_world_occurrence
- はい
- revalidate_immediately_on_issuer_announcement_even_before_assumed_date
- はい
- model_assumption_payment_or_execution_date
2029-09-17
- event_assumption_as_of_date
2026-11-06
- verification_instructions
Verify paid-in proceeds, actual issue date/price/count, dilution of existing holders and impact on parent capital and solvency; do not treat new investor payment as old-holder cash.
- external_share_issue_date_assumed
2029-09-17
- new_share_issue_date_confirmed
- 未確認
- revalidation_due_dates_assumed
- 1
2029-09-17
- first_revalidation_date_assumed
2029-09-17
- display_review_required_when_event_executed_or_announced
- はい
- insurance_service_result_oku
- -1.627842195
- net_insurance_and_investment_result_oku
- -0.923037205
- financial_services_net_interest_oku
- 0.695982613
- net_other_income_and_expenses_with_model_adjustment_oku
- -2.236137938
- 営業利益（億）
- -2.46319253
- operating_profit_status
analyst_forecast_issuer_IFRS_operating_profit_presentation_analogue
- operating_profit_display_label_ja
営業利益（IFRS連結損益計算書Operating profit準拠の予測）
- operating_profit_is_PBT
- いいえ
- operating_profit_bridge_oku
内容を開く
- ifrs17_insurance_revenue
- 45.665350444
- insurance_service_expenses_including_sbc
- -43.291734679
- net_reinsurance_service_result
- -4.00145796
- insurance_service_result
- -1.627842195
- investment_return
- 1.823429986
- net_insurance_finance_result
- -1.118624996
- net_insurance_and_investment_result
- -0.923037205
- financial_services_interest_income
- 1.756300485
- financial_services_interest_expense
- -1.060317872
- net_financial_services_interest
- 0.695982613
- other_revenue_and_profit_commission
- 1.950178365
- other_operating_expenses_including_sbc
- -3.488859683
- other_operating_expenses_recovered_from_co_insurers
- 1.227613566
- expected_credit_losses_and_writeoffs
- -1.517070186
- other_operating_before_model_adjustment
- -1.828137938
- unallocated_model_operating_adjustment_not_issuer_disclosure
- -0.408
- total_other_operating_income_and_expenses_after_adjustment
- -2.236137938
- operating_profit
- -2.46319253
- net_finance_costs_below_operating_profit
- -0.249838625
- PBT_continuing_group_proxy
- -2.713031157
- reconciliation_error_oku
- 2.0E-9
- SBC_annual_expense_already_included_in_op_costs
- 0.965970668
- categorisation_note
Additional normalisation is assigned to other operating expenses for the purpose of matching original PBT. It is not a reported future statutory line.
- 4
内容を開く
- year
- 2030
- 状態
analyst_assumption_2027_to_2036_not_company_forecast
- segments_ifrs17_revenue_oku
内容を開く
- UK_motor
- 28.043078642
- UK_other_insurance
- 7.783717995
- European_insurance
- 7.456466196
- Other_insurance
- 1.466804427
- ifrs17_insurance_revenue_oku
- 44.75006726
- insurance_services_expenses_including_sbc_oku
- -42.213473784
- net_reinsurance_service_result_oku
- -3.921255637
- investment_return_oku
- 1.79835164
- insurance_finance_result_oku
- -1.102086789
- financial_services_interest_income_oku
- 1.782644992
- financial_services_interest_expense_oku
- -1.07622264
- other_revenue_and_profit_commission_oku
- 1.902470192
- other_operating_expenses_including_sbc_oku
- -3.48140768
- other_operating_expenses_recoverable_from_co_insurers_oku
- 1.20300817
- expected_credit_loss_and_writeoffs_oku
- -1.539826239
- finance_cost_net_oku
- -0.256084591
- normalized_nonrecurring_adjustment_oku
- -0.408
- operating_revenue_analytical_oku
- 48.435182444
- net_expenses_after_investment_and_reinsurance_oku
- 50.996997551
- pbt_parent_continuing_proxy_oku
- -2.561815107
- income_tax_oku
- -0
- profit_after_tax_parent_sbc_deducted_oku
- -2.559815107
- non_controlling_profit_estimate_oku
- -0.002
- sbc_pnl_included_in_costs_oku
- 0.994949788
- sbc_equity_credit_oku
- 0.994949788
- uk_motor_reported_loss_ratio_reference
- 0.729
- uk_motor_core_combined_ratio_reference
- 0.958
- uk_motor_vehicle_policies_m
- 5.108139514
- uk_motor_annualized_written_premium_per_current_policy_gbp
- 663.160857233
- uk_motor_total_premiums_written_oku
- 33.875181788
- admiral_money_gross_loan_balance_oku
- 19.930284754
- loan_ecl_cost_assumption_multiple
- 3.1
- reinsurance_cost_assumption_multiple
- 1.4
- detail_adjustments
内容を開く
- uk_motor_claim_impact_oku
- -4.767323369
- reinsurance_net_oku
- -3.921255637
- credit_cost_oku
- -1.539826239
- normalization_ex_2026_one_off_oku
- -0.408
- date_start
2030-01-01
- date_end_projection
2030-12-31
- period_days_in_year
- 365
- cutoff_capital_date
2030-12-31
- forecast_after_horizon_not_realised_in_capital_oku
- -0
- as_of_event_start
内容を開く
- 発行済株式数
- 315927739
- 自己株式数
- 0
- ebt_unvested_shares_estimate
- 2665771.789
- outside_trust_dividend_eligible_shares
- 313261967.522
- old_cohort_remaining_shares
- 297644966.779
- old_cohort_outside_share_fraction
- 0.950147154
- 親会社持分（億）
- 15.602258766
- eligible_own_funds_proxy_oku
- 18.978182679
- solvency_capital_requirement_proxy_oku
- 11.664782264
- scr_surplus_oku
- 7.313400415
- prudential_ratio_proxy
- 1.62696416
- as_of_year_end_or_horizon
内容を開く
- 発行済株式数
- 324319271
- 自己株式数
- 0
- ebt_unvested_shares_estimate
- 2669584.875
- outside_trust_dividend_eligible_shares
- 321649686.483
- old_cohort_remaining_shares
- 296065720.496
- old_cohort_outside_share_fraction
- 0.920460156
- 親会社持分（億）
- 15.569446919
- eligible_own_funds_proxy_oku
- 18.945370832
- solvency_capital_requirement_proxy_oku
- 11.616661598
- scr_surplus_oku
- 7.328709233
- prudential_ratio_proxy
- 1.630879119
- subperiod_realization_factor
- 1
- realized_parent_profit_oku
- -2.559815107
- realized_sbc_equity_credit_oku
- 0.994949788
- sbc_pnl_allocated_to_insurance_expenses_oku
- 0.417878911
- sbc_pnl_allocated_to_other_operating_expenses_oku
- 0.577070877
- cash_capital_transfers
内容を開く
- dividends_oku
- 0
- ordinary_dividends_oku
- 0
- special_dividend_oku
- 0
- buyback_oku
- 0
- ebt_acquisition_oku
- 0.521459497
- new_outside_equity_raised_oku
- 2.053512968
- old_holder_actual_cash_events_year_sum_oku
- 0.495463257
- company_noncash_vested_shares
- 1658293.9648
- company_net_issued_share_change
- 8391532.0472071
- company_treasury_share_change
- 0
- employee_trust_share_change
- 3813.085684503
- old_holder_equity_share_remaining
- 0.920460156
- equity_reconciliation
内容を開く
- opening_oku
- 15.602258766
- profit_oku
- -2.559815107
- share_scheme_credit_non_cash_oku
- 0.994949788
- dividends_oku
- -0
- company_buyback_oku
- -0
- EBT_cash_acquisition_oku
- -0.521459497
- new_paid_in_capital_oku
- 2.053512968
- closing_oku
- 15.569446919
- share_reconciliation
内容を開く
- issued_open
- 315927739
- cancelled
- -0
- third_party_new
- 8391532.0472071
- issued_close
- 324319271
- trust_open
- 2665771.789
- trust_purchased
- 1662107.0504845
- trust_vested
- -1658293.9648
- trust_close
- 2669584.875
- old_open
- 297644966.779
- old_pro_rata_sold
- 1579246.283
- old_close
- 296065720.496
- solvency_valuation
内容を開く
- eligible_ownfund_oku
- 18.945370832
- scr_oku
- 11.616661598
- surplus_over_scr_oku
- 7.328709233
- headroom_to_160pct_scr_oku
- 0.358712274
- ratio
- 1.630879119
- event_details
- 1
内容を開く
- 想定日
2030-06-17
- year
- 3.611225188
- event_type
employee_trust_open_market_purchase
- company_cash_oku
- 0.521459497
- old_holder_cash_received_oku
- 0.495463257
- old_holder_shares_after
- 296065720.49626
- eligible_shares_after
- 311599860.47116
- company_equity_after_oku
- 14.360532492
- capital_surplus_after_oku
- 6.071674141
- basis
analyst_assumption
- price_per_share_gbp_assumed
- 31.373400216
- shares_acquired_by_trust
- 1662107.0504845
- old_cohort_pro_rata_shares_sold
- 1579246.283036
- non_cash_sbc_excluded
- はい
- event_id
crisis-2030-01
- event_date_status
analyst_estimated_not_issuer_announced_as_of_2026_11_06
- issuer_confirmation_status
unconfirmed_future_scenario_event
- requires_display_revalidation_on_real_world_occurrence
- はい
- revalidate_immediately_on_issuer_announcement_even_before_assumed_date
- はい
- model_assumption_payment_or_execution_date
2030-06-17
- event_assumption_as_of_date
2026-11-06
- verification_instructions
Verify EBT purchase confirmations, execution dates, volume, price, number of employee-held shares, resulting old-holder market sale assumptions, cash and eligible own funds.
- trust_purchase_execution_date_assumed
2030-06-17
- settlement_date_confirmed
- 未確認
- revalidation_due_dates_assumed
- 1
2030-06-17
- first_revalidation_date_assumed
2030-06-17
- display_review_required_when_event_executed_or_announced
- はい
- 2
内容を開く
- 想定日
2030-08-15
- year
- 3.772758385
- event_type
noncash_ebt_shares_vested_to_staff
- company_cash_oku
- 0
- old_holder_cash_received_oku
- 0
- old_holder_shares_after
- 296065720.49626
- eligible_shares_after
- 313258154.43596
- company_equity_after_oku
- 14.10758166
- capital_surplus_after_oku
- 5.818723309
- basis
analyst_assumption
- vested_shares
- 1658293.9648
- issued_change
- 0
- old_cohort_shares_change
- 0
- noncash_event_not_in_timed_cashflows
- はい
- event_id
crisis-2030-02
- event_date_status
analyst_estimated_not_issuer_announced_as_of_2026_11_06
- issuer_confirmation_status
unconfirmed_future_scenario_event
- requires_display_revalidation_on_real_world_occurrence
- はい
- revalidate_immediately_on_issuer_announcement_even_before_assumed_date
- はい
- model_assumption_payment_or_execution_date
2030-08-15
- event_assumption_as_of_date
2026-11-06
- verification_instructions
Verify vest/settlement date, actual allocated shares, EBT transfer versus new issuance, trust holdings, eligible dividend shares and old-holder ownership; do NOT create a cash flow from SBC alone.
- award_vesting_and_share_delivery_date_assumed
2030-08-15
- stock_delivery_date_confirmed
- 未確認
- not_old_holder_cashflow
- はい
- revalidation_due_dates_assumed
- 1
2030-08-15
- first_revalidation_date_assumed
2030-08-15
- display_review_required_when_event_executed_or_announced
- はい
- 3
内容を開く
- 想定日
2030-09-16
- year
- 3.86036961
- event_type
external_equity_financing_not_holder_cash
- company_cash_oku
- -2.053512968
- old_holder_cash_received_oku
- 0
- old_holder_shares_after
- 296065720.49626
- eligible_shares_after
- 321649686.48317
- company_equity_after_oku
- 16.023900956
- capital_surplus_after_oku
- 7.783163271
- basis
analyst_assumption
- new_shares_issued
- 8391532.0472071
- issue_price_gbp_assumed
- 24.471252168
- outside_investors_pay_company_not_old_cohort
- はい
- event_id
crisis-2030-03
- event_date_status
analyst_estimated_not_issuer_announced_as_of_2026_11_06
- issuer_confirmation_status
unconfirmed_future_scenario_event
- requires_display_revalidation_on_real_world_occurrence
- はい
- revalidate_immediately_on_issuer_announcement_even_before_assumed_date
- はい
- model_assumption_payment_or_execution_date
2030-09-16
- event_assumption_as_of_date
2026-11-06
- verification_instructions
Verify paid-in proceeds, actual issue date/price/count, dilution of existing holders and impact on parent capital and solvency; do not treat new investor payment as old-holder cash.
- external_share_issue_date_assumed
2030-09-16
- new_share_issue_date_confirmed
- 未確認
- revalidation_due_dates_assumed
- 1
2030-09-16
- first_revalidation_date_assumed
2030-09-16
- display_review_required_when_event_executed_or_announced
- はい
- insurance_service_result_oku
- -1.384662161
- net_insurance_and_investment_result_oku
- -0.68839731
- financial_services_net_interest_oku
- 0.706422352
- net_other_income_and_expenses_with_model_adjustment_oku
- -2.323755557
- 営業利益（億）
- -2.305730515
- operating_profit_status
analyst_forecast_issuer_IFRS_operating_profit_presentation_analogue
- operating_profit_display_label_ja
営業利益（IFRS連結損益計算書Operating profit準拠の予測）
- operating_profit_is_PBT
- いいえ
- operating_profit_bridge_oku
内容を開く
- ifrs17_insurance_revenue
- 44.75006726
- insurance_service_expenses_including_sbc
- -42.213473784
- net_reinsurance_service_result
- -3.921255637
- insurance_service_result
- -1.384662161
- investment_return
- 1.79835164
- net_insurance_finance_result
- -1.102086789
- net_insurance_and_investment_result
- -0.68839731
- financial_services_interest_income
- 1.782644992
- financial_services_interest_expense
- -1.07622264
- net_financial_services_interest
- 0.706422352
- other_revenue_and_profit_commission
- 1.902470192
- other_operating_expenses_including_sbc
- -3.48140768
- other_operating_expenses_recovered_from_co_insurers
- 1.20300817
- expected_credit_losses_and_writeoffs
- -1.539826239
- other_operating_before_model_adjustment
- -1.915755557
- unallocated_model_operating_adjustment_not_issuer_disclosure
- -0.408
- total_other_operating_income_and_expenses_after_adjustment
- -2.323755557
- operating_profit
- -2.305730515
- net_finance_costs_below_operating_profit
- -0.256084591
- PBT_continuing_group_proxy
- -2.561815107
- reconciliation_error_oku
- 1.0E-9
- SBC_annual_expense_already_included_in_op_costs
- 0.994949788
- categorisation_note
Additional normalisation is assigned to other operating expenses for the purpose of matching original PBT. It is not a reported future statutory line.
- 5
内容を開く
- year
- 2031
- 状態
analyst_assumption_2027_to_2036_not_company_forecast
- segments_ifrs17_revenue_oku
内容を開く
- UK_motor
- 26.92976842
- UK_other_insurance
- 7.861555175
- European_insurance
- 7.604663462
- Other_insurance
- 1.488806493
- ifrs17_insurance_revenue_oku
- 43.88479355
- insurance_services_expenses_including_sbc_oku
- -40.948634597
- net_reinsurance_service_result_oku
- -3.845435429
- investment_return_oku
- 1.774643531
- insurance_finance_result_oku
- -1.0864522
- financial_services_interest_income_oku
- 1.809384667
- financial_services_interest_expense_oku
- -1.09236598
- other_revenue_and_profit_commission_oku
- 1.85736871
- other_operating_expenses_including_sbc_oku
- -3.476740585
- other_operating_expenses_recoverable_from_co_insurers_oku
- 1.179747169
- expected_credit_loss_and_writeoffs_oku
- -1.562923633
- finance_cost_net_oku
- -0.262486705
- normalized_nonrecurring_adjustment_oku
- -0.408
- operating_revenue_analytical_oku
- 47.551546927
- net_expenses_after_investment_and_reinsurance_oku
- 49.72864843
- pbt_parent_continuing_proxy_oku
- -2.177101503
- income_tax_oku
- -0
- profit_after_tax_parent_sbc_deducted_oku
- -2.175101503
- non_controlling_profit_estimate_oku
- -0.002
- sbc_pnl_included_in_costs_oku
- 1.024798282
- sbc_equity_credit_oku
- 1.024798282
- uk_motor_reported_loss_ratio_reference
- 0.699
- uk_motor_core_combined_ratio_reference
- 0.928
- uk_motor_vehicle_policies_m
- 4.954895328
- uk_motor_annualized_written_premium_per_current_policy_gbp
- 656.529248661
- uk_motor_total_premiums_written_oku
- 32.530337071
- admiral_money_gross_loan_balance_oku
- 20.229239025
- loan_ecl_cost_assumption_multiple
- 3.1
- reinsurance_cost_assumption_multiple
- 1.4
- detail_adjustments
内容を開く
- uk_motor_claim_impact_oku
- -3.770167579
- reinsurance_net_oku
- -3.845435429
- credit_cost_oku
- -1.562923633
- normalization_ex_2026_one_off_oku
- -0.408
- date_start
2031-01-01
- date_end_projection
2031-12-31
- period_days_in_year
- 365
- cutoff_capital_date
2031-12-31
- forecast_after_horizon_not_realised_in_capital_oku
- -0
- as_of_event_start
内容を開く
- 発行済株式数
- 324319271
- 自己株式数
- 0
- ebt_unvested_shares_estimate
- 2669584.875
- outside_trust_dividend_eligible_shares
- 321649686.483
- old_cohort_remaining_shares
- 296065720.496
- old_cohort_outside_share_fraction
- 0.920460156
- 親会社持分（億）
- 15.569446919
- eligible_own_funds_proxy_oku
- 18.945370832
- solvency_capital_requirement_proxy_oku
- 11.616661598
- scr_surplus_oku
- 7.328709233
- prudential_ratio_proxy
- 1.630879119
- as_of_year_end_or_horizon
内容を開く
- 発行済株式数
- 331799351
- 自己株式数
- 0
- ebt_unvested_shares_estimate
- 2799482.439
- outside_trust_dividend_eligible_shares
- 328999868.832
- old_cohort_remaining_shares
- 294401444.721
- old_cohort_outside_share_fraction
- 0.894837575
- 親会社持分（億）
- 15.612876745
- eligible_own_funds_proxy_oku
- 18.988800658
- solvency_capital_requirement_proxy_oku
- 11.572462776
- scr_surplus_oku
- 7.416337882
- prudential_ratio_proxy
- 1.640860811
- subperiod_realization_factor
- 1
- realized_parent_profit_oku
- -2.175101503
- realized_sbc_equity_credit_oku
- 1.024798282
- sbc_pnl_allocated_to_insurance_expenses_oku
- 0.430415278
- sbc_pnl_allocated_to_other_operating_expenses_oku
- 0.594383003
- cash_capital_transfers
内容を開く
- dividends_oku
- 0
- ordinary_dividends_oku
- 0
- special_dividend_oku
- 0
- buyback_oku
- 0
- ebt_acquisition_oku
- 0.536060363
- new_outside_equity_raised_oku
- 1.729793411
- old_holder_actual_cash_events_year_sum_oku
- 0.493422205
- company_noncash_vested_shares
- 1678193.4923776
- company_net_issued_share_change
- 7480079.9121673
- company_treasury_share_change
- 0
- employee_trust_share_change
- 129897.56359919
- old_holder_equity_share_remaining
- 0.894837575
- equity_reconciliation
内容を開く
- opening_oku
- 15.569446919
- profit_oku
- -2.175101503
- share_scheme_credit_non_cash_oku
- 1.024798282
- dividends_oku
- -0
- company_buyback_oku
- -0
- EBT_cash_acquisition_oku
- -0.536060363
- new_paid_in_capital_oku
- 1.729793411
- closing_oku
- 15.612876745
- share_reconciliation
内容を開く
- issued_open
- 324319271
- cancelled
- -0
- third_party_new
- 7480079.9121673
- issued_close
- 331799351
- trust_open
- 2669584.875
- trust_purchased
- 1808091.0559768
- trust_vested
- -1678193.4923776
- trust_close
- 2799482.439
- old_open
- 296065720.496
- old_pro_rata_sold
- 1664275.775
- old_close
- 294401444.721
- solvency_valuation
内容を開く
- eligible_ownfund_oku
- 18.988800658
- scr_oku
- 11.572462776
- surplus_over_scr_oku
- 7.416337882
- headroom_to_160pct_scr_oku
- 0.472860217
- ratio
- 1.640860811
- event_details
- 1
内容を開く
- 想定日
2031-06-16
- year
- 4.607802875
- event_type
employee_trust_open_market_purchase
- company_cash_oku
- 0.536060363
- old_holder_cash_received_oku
- 0.493422205
- old_holder_shares_after
- 294401444.72138
- eligible_shares_after
- 319841595.42719
- company_equity_after_oku
- 14.507083438
- capital_surplus_after_oku
- 6.266345752
- basis
analyst_assumption
- price_per_share_gbp_assumed
- 29.647863204
- shares_acquired_by_trust
- 1808091.0559768
- old_cohort_pro_rata_shares_sold
- 1664275.7748767
- non_cash_sbc_excluded
- はい
- event_id
crisis-2031-01
- event_date_status
analyst_estimated_not_issuer_announced_as_of_2026_11_06
- issuer_confirmation_status
unconfirmed_future_scenario_event
- requires_display_revalidation_on_real_world_occurrence
- はい
- revalidate_immediately_on_issuer_announcement_even_before_assumed_date
- はい
- model_assumption_payment_or_execution_date
2031-06-16
- event_assumption_as_of_date
2026-11-06
- verification_instructions
Verify EBT purchase confirmations, execution dates, volume, price, number of employee-held shares, resulting old-holder market sale assumptions, cash and eligible own funds.
- trust_purchase_execution_date_assumed
2031-06-16
- settlement_date_confirmed
- 未確認
- revalidation_due_dates_assumed
- 1
2031-06-16
- first_revalidation_date_assumed
2031-06-16
- display_review_required_when_event_executed_or_announced
- はい
- 2
内容を開く
- 想定日
2031-08-15
- year
- 4.772073922
- event_type
noncash_ebt_shares_vested_to_staff
- company_cash_oku
- 0
- old_holder_cash_received_oku
- 0
- old_holder_shares_after
- 294401444.72138
- eligible_shares_after
- 321519788.91957
- company_equity_after_oku
- 14.317992497
- capital_surplus_after_oku
- 6.077254812
- basis
analyst_assumption
- vested_shares
- 1678193.4923776
- issued_change
- 0
- old_cohort_shares_change
- 0
- noncash_event_not_in_timed_cashflows
- はい
- event_id
crisis-2031-02
- event_date_status
analyst_estimated_not_issuer_announced_as_of_2026_11_06
- issuer_confirmation_status
unconfirmed_future_scenario_event
- requires_display_revalidation_on_real_world_occurrence
- はい
- revalidate_immediately_on_issuer_announcement_even_before_assumed_date
- はい
- model_assumption_payment_or_execution_date
2031-08-15
- event_assumption_as_of_date
2026-11-06
- verification_instructions
Verify vest/settlement date, actual allocated shares, EBT transfer versus new issuance, trust holdings, eligible dividend shares and old-holder ownership; do NOT create a cash flow from SBC alone.
- award_vesting_and_share_delivery_date_assumed
2031-08-15
- stock_delivery_date_confirmed
- 未確認
- not_old_holder_cashflow
- はい
- revalidation_due_dates_assumed
- 1
2031-08-15
- first_revalidation_date_assumed
2031-08-15
- display_review_required_when_event_executed_or_announced
- はい
- 3
内容を開く
- 想定日
2031-09-15
- year
- 4.856947296
- event_type
external_equity_financing_not_holder_cash
- company_cash_oku
- -1.729793411
- old_holder_cash_received_oku
- 0
- old_holder_shares_after
- 294401444.72138
- eligible_shares_after
- 328999868.83174
- company_equity_after_oku
- 15.950088922
- capital_surplus_after_oku
- 7.75355006
- basis
analyst_assumption
- new_shares_issued
- 7480079.9121673
- issue_price_gbp_assumed
- 23.125333299
- outside_investors_pay_company_not_old_cohort
- はい
- event_id
crisis-2031-03
- event_date_status
analyst_estimated_not_issuer_announced_as_of_2026_11_06
- issuer_confirmation_status
unconfirmed_future_scenario_event
- requires_display_revalidation_on_real_world_occurrence
- はい
- revalidate_immediately_on_issuer_announcement_even_before_assumed_date
- はい
- model_assumption_payment_or_execution_date
2031-09-15
- event_assumption_as_of_date
2026-11-06
- verification_instructions
Verify paid-in proceeds, actual issue date/price/count, dilution of existing holders and impact on parent capital and solvency; do not treat new investor payment as old-holder cash.
- external_share_issue_date_assumed
2031-09-15
- new_share_issue_date_confirmed
- 未確認
- revalidation_due_dates_assumed
- 1
2031-09-15
- first_revalidation_date_assumed
2031-09-15
- display_review_required_when_event_executed_or_announced
- はい
- insurance_service_result_oku
- -0.909276476
- net_insurance_and_investment_result_oku
- -0.221085145
- financial_services_net_interest_oku
- 0.717018687
- net_other_income_and_expenses_with_model_adjustment_oku
- -2.410548339
- 営業利益（億）
- -1.914614797
- operating_profit_status
analyst_forecast_issuer_IFRS_operating_profit_presentation_analogue
- operating_profit_display_label_ja
営業利益（IFRS連結損益計算書Operating profit準拠の予測）
- operating_profit_is_PBT
- いいえ
- operating_profit_bridge_oku
内容を開く
- ifrs17_insurance_revenue
- 43.88479355
- insurance_service_expenses_including_sbc
- -40.948634597
- net_reinsurance_service_result
- -3.845435429
- insurance_service_result
- -0.909276476
- investment_return
- 1.774643531
- net_insurance_finance_result
- -1.0864522
- net_insurance_and_investment_result
- -0.221085145
- financial_services_interest_income
- 1.809384667
- financial_services_interest_expense
- -1.09236598
- net_financial_services_interest
- 0.717018687
- other_revenue_and_profit_commission
- 1.85736871
- other_operating_expenses_including_sbc
- -3.476740585
- other_operating_expenses_recovered_from_co_insurers
- 1.179747169
- expected_credit_losses_and_writeoffs
- -1.562923633
- other_operating_before_model_adjustment
- -2.002548339
- unallocated_model_operating_adjustment_not_issuer_disclosure
- -0.408
- total_other_operating_income_and_expenses_after_adjustment
- -2.410548339
- operating_profit
- -1.914614797
- net_finance_costs_below_operating_profit
- -0.262486705
- PBT_continuing_group_proxy
- -2.177101503
- reconciliation_error_oku
- 1.0E-9
- SBC_annual_expense_already_included_in_op_costs
- 1.024798282
- categorisation_note
Additional normalisation is assigned to other operating expenses for the purpose of matching original PBT. It is not a reported future statutory line.
- 6
内容を開く
- year
- 2032
- 状態
analyst_assumption_2027_to_2036_not_company_forecast
- segments_ifrs17_revenue_oku
内容を開く
- UK_motor
- 25.860656614
- UK_other_insurance
- 7.940170726
- European_insurance
- 7.755806148
- Other_insurance
- 1.511138591
- ifrs17_insurance_revenue_oku
- 43.067772079
- insurance_services_expenses_including_sbc_oku
- -39.784664703
- net_reinsurance_service_result_oku
- -3.773843357
- investment_return_oku
- 1.752257511
- insurance_finance_result_oku
- -1.071689479
- financial_services_interest_income_oku
- 1.836525437
- financial_services_interest_expense_oku
- -1.10875147
- other_revenue_and_profit_commission_oku
- 1.814782325
- other_operating_expenses_including_sbc_oku
- -3.47485437
- other_operating_expenses_recoverable_from_co_insurers_oku
- 1.157783325
- expected_credit_loss_and_writeoffs_oku
- -1.586367487
- finance_cost_net_oku
- -0.269048873
- normalized_nonrecurring_adjustment_oku
- -0.408
- operating_revenue_analytical_oku
- 46.719079841
- net_expenses_after_investment_and_reinsurance_oku
- 48.567178903
- pbt_parent_continuing_proxy_oku
- -1.848099062
- income_tax_oku
- -0
- profit_after_tax_parent_sbc_deducted_oku
- -1.846099062
- non_controlling_profit_estimate_oku
- -0.002
- sbc_pnl_included_in_costs_oku
- 1.05554223
- sbc_equity_credit_oku
- 1.05554223
- uk_motor_reported_loss_ratio_reference
- 0.669
- uk_motor_core_combined_ratio_reference
- 0.898
- uk_motor_vehicle_policies_m
- 4.806248468
- uk_motor_annualized_written_premium_per_current_policy_gbp
- 649.963956174
- uk_motor_total_premiums_written_oku
- 31.238882689
- admiral_money_gross_loan_balance_oku
- 20.53267761
- loan_ecl_cost_assumption_multiple
- 3.1
- reinsurance_cost_assumption_multiple
- 1.4
- detail_adjustments
内容を開く
- uk_motor_claim_impact_oku
- -2.844672228
- reinsurance_net_oku
- -3.773843357
- credit_cost_oku
- -1.586367487
- normalization_ex_2026_one_off_oku
- -0.408
- date_start
2032-01-01
- date_end_projection
2032-12-31
- period_days_in_year
- 366
- cutoff_capital_date
2032-12-31
- forecast_after_horizon_not_realised_in_capital_oku
- -0
- as_of_event_start
内容を開く
- 発行済株式数
- 331799351
- 自己株式数
- 0
- ebt_unvested_shares_estimate
- 2799482.439
- outside_trust_dividend_eligible_shares
- 328999868.832
- old_cohort_remaining_shares
- 294401444.721
- old_cohort_outside_share_fraction
- 0.894837575
- 親会社持分（億）
- 15.612876745
- eligible_own_funds_proxy_oku
- 18.988800658
- solvency_capital_requirement_proxy_oku
- 11.572462776
- scr_surplus_oku
- 7.416337882
- prudential_ratio_proxy
- 1.640860811
- as_of_year_end_or_horizon
内容を開く
- 発行済株式数
- 338115293
- 自己株式数
- 0
- ebt_unvested_shares_estimate
- 3068047.561
- outside_trust_dividend_eligible_shares
- 335047245.78
- old_cohort_remaining_shares
- 292641391.436
- old_cohort_outside_share_fraction
- 0.87343321
- 親会社持分（億）
- 15.651500469
- eligible_own_funds_proxy_oku
- 19.027424382
- solvency_capital_requirement_proxy_oku
- 11.53206195
- scr_surplus_oku
- 7.495362432
- prudential_ratio_proxy
- 1.649958565
- subperiod_realization_factor
- 1
- realized_parent_profit_oku
- -1.846099062
- realized_sbc_equity_credit_oku
- 1.05554223
- sbc_pnl_allocated_to_insurance_expenses_oku
- 0.443327737
- sbc_pnl_allocated_to_other_operating_expenses_oku
- 0.612214493
- cash_capital_transfers
内容を開く
- dividends_oku
- 0
- ordinary_dividends_oku
- 0
- special_dividend_oku
- 0
- buyback_oku
- 0
- ebt_acquisition_oku
- 0.551070053
- new_outside_equity_raised_oku
- 1.380250609
- old_holder_actual_cash_events_year_sum_oku
- 0.49311819
- company_noncash_vested_shares
- 1698331.8142861
- company_net_issued_share_change
- 6315942.0708067
- company_treasury_share_change
- 0
- employee_trust_share_change
- 268565.12279762
- old_holder_equity_share_remaining
- 0.87343321
- equity_reconciliation
内容を開く
- opening_oku
- 15.612876745
- profit_oku
- -1.846099062
- share_scheme_credit_non_cash_oku
- 1.05554223
- dividends_oku
- -0
- company_buyback_oku
- -0
- EBT_cash_acquisition_oku
- -0.551070053
- new_paid_in_capital_oku
- 1.380250609
- closing_oku
- 15.651500469
- share_reconciliation
内容を開く
- issued_open
- 331799351
- cancelled
- -0
- third_party_new
- 6315942.0708067
- issued_close
- 338115293
- trust_open
- 2799482.439
- trust_purchased
- 1966896.9370838
- trust_vested
- -1698331.8142861
- trust_close
- 3068047.561
- old_open
- 294401444.721
- old_pro_rata_sold
- 1760053.285
- old_close
- 292641391.436
- solvency_valuation
内容を開く
- eligible_ownfund_oku
- 19.027424382
- scr_oku
- 11.53206195
- surplus_over_scr_oku
- 7.495362432
- headroom_to_160pct_scr_oku
- 0.576125263
- ratio
- 1.649958565
- event_details
- 1
内容を開く
- 想定日
2032-06-15
- year
- 5.607118412
- event_type
employee_trust_open_market_purchase
- company_cash_oku
- 0.551070053
- old_holder_cash_received_oku
- 0.49311819
- old_holder_shares_after
- 292641391.4364
- eligible_shares_after
- 327032971.89465
- company_equity_after_oku
- 14.701088137
- capital_surplus_after_oku
- 6.504549275
- basis
analyst_assumption
- price_per_share_gbp_assumed
- 28.017230728
- shares_acquired_by_trust
- 1966896.9370838
- old_cohort_pro_rata_shares_sold
- 1760053.2849807
- non_cash_sbc_excluded
- はい
- event_id
crisis-2032-01
- event_date_status
analyst_estimated_not_issuer_announced_as_of_2026_11_06
- issuer_confirmation_status
unconfirmed_future_scenario_event
- requires_display_revalidation_on_real_world_occurrence
- はい
- revalidate_immediately_on_issuer_announcement_even_before_assumed_date
- はい
- model_assumption_payment_or_execution_date
2032-06-15
- event_assumption_as_of_date
2026-11-06
- verification_instructions
Verify EBT purchase confirmations, execution dates, volume, price, number of employee-held shares, resulting old-holder market sale assumptions, cash and eligible own funds.
- trust_purchase_execution_date_assumed
2032-06-15
- settlement_date_confirmed
- 未確認
- revalidation_due_dates_assumed
- 1
2032-06-15
- first_revalidation_date_assumed
2032-06-15
- display_review_required_when_event_executed_or_announced
- はい
- 2
内容を開く
- 想定日
2032-08-16
- year
- 5.776865161
- event_type
noncash_ebt_shares_vested_to_staff
- company_cash_oku
- 0
- old_holder_cash_received_oku
- 0
- old_holder_shares_after
- 292641391.4364
- eligible_shares_after
- 328731303.70894
- company_equity_after_oku
- 14.567168674
- capital_surplus_after_oku
- 6.370629812
- basis
analyst_assumption
- vested_shares
- 1698331.8142861
- issued_change
- 0
- old_cohort_shares_change
- 0
- noncash_event_not_in_timed_cashflows
- はい
- event_id
crisis-2032-02
- event_date_status
analyst_estimated_not_issuer_announced_as_of_2026_11_06
- issuer_confirmation_status
unconfirmed_future_scenario_event
- requires_display_revalidation_on_real_world_occurrence
- はい
- revalidate_immediately_on_issuer_announcement_even_before_assumed_date
- はい
- model_assumption_payment_or_execution_date
2032-08-16
- event_assumption_as_of_date
2026-11-06
- verification_instructions
Verify vest/settlement date, actual allocated shares, EBT transfer versus new issuance, trust holdings, eligible dividend shares and old-holder ownership; do NOT create a cash flow from SBC alone.
- award_vesting_and_share_delivery_date_assumed
2032-08-16
- stock_delivery_date_confirmed
- 未確認
- not_old_holder_cashflow
- はい
- revalidation_due_dates_assumed
- 1
2032-08-16
- first_revalidation_date_assumed
2032-08-16
- display_review_required_when_event_executed_or_announced
- はい
- 3
内容を開く
- 想定日
2032-09-15
- year
- 5.859000684
- event_type
external_equity_financing_not_holder_cash
- company_cash_oku
- -1.380250609
- old_holder_cash_received_oku
- 0
- old_holder_shares_after
- 292641391.4364
- eligible_shares_after
- 335047245.77975
- company_equity_after_oku
- 15.882619543
- capital_surplus_after_oku
- 7.726481506
- basis
analyst_assumption
- new_shares_issued
- 6315942.0708067
- issue_price_gbp_assumed
- 21.853439967
- outside_investors_pay_company_not_old_cohort
- はい
- event_id
crisis-2032-03
- event_date_status
analyst_estimated_not_issuer_announced_as_of_2026_11_06
- issuer_confirmation_status
unconfirmed_future_scenario_event
- requires_display_revalidation_on_real_world_occurrence
- はい
- revalidate_immediately_on_issuer_announcement_even_before_assumed_date
- はい
- model_assumption_payment_or_execution_date
2032-09-15
- event_assumption_as_of_date
2026-11-06
- verification_instructions
Verify paid-in proceeds, actual issue date/price/count, dilution of existing holders and impact on parent capital and solvency; do not treat new investor payment as old-holder cash.
- external_share_issue_date_assumed
2032-09-15
- new_share_issue_date_confirmed
- 未確認
- revalidation_due_dates_assumed
- 1
2032-09-15
- first_revalidation_date_assumed
2032-09-15
- display_review_required_when_event_executed_or_announced
- はい
- insurance_service_result_oku
- -0.490735981
- net_insurance_and_investment_result_oku
- 0.189832051
- financial_services_net_interest_oku
- 0.727773967
- net_other_income_and_expenses_with_model_adjustment_oku
- -2.496656207
- 営業利益（億）
- -1.579050189
- operating_profit_status
analyst_forecast_issuer_IFRS_operating_profit_presentation_analogue
- operating_profit_display_label_ja
営業利益（IFRS連結損益計算書Operating profit準拠の予測）
- operating_profit_is_PBT
- いいえ
- operating_profit_bridge_oku
内容を開く
- ifrs17_insurance_revenue
- 43.067772079
- insurance_service_expenses_including_sbc
- -39.784664703
- net_reinsurance_service_result
- -3.773843357
- insurance_service_result
- -0.490735981
- investment_return
- 1.752257511
- net_insurance_finance_result
- -1.071689479
- net_insurance_and_investment_result
- 0.189832051
- financial_services_interest_income
- 1.836525437
- financial_services_interest_expense
- -1.10875147
- net_financial_services_interest
- 0.727773967
- other_revenue_and_profit_commission
- 1.814782325
- other_operating_expenses_including_sbc
- -3.47485437
- other_operating_expenses_recovered_from_co_insurers
- 1.157783325
- expected_credit_losses_and_writeoffs
- -1.586367487
- other_operating_before_model_adjustment
- -2.088656207
- unallocated_model_operating_adjustment_not_issuer_disclosure
- -0.408
- total_other_operating_income_and_expenses_after_adjustment
- -2.496656207
- operating_profit
- -1.579050189
- net_finance_costs_below_operating_profit
- -0.269048873
- PBT_continuing_group_proxy
- -1.848099062
- reconciliation_error_oku
- 0
- SBC_annual_expense_already_included_in_op_costs
- 1.05554223
- categorisation_note
Additional normalisation is assigned to other operating expenses for the purpose of matching original PBT. It is not a reported future statutory line.
- 7
内容を開く
- year
- 2033
- 状態
analyst_assumption_2027_to_2036_not_company_forecast
- segments_ifrs17_revenue_oku
内容を開く
- UK_motor
- 24.833988546
- UK_other_insurance
- 8.019572434
- European_insurance
- 7.909952795
- Other_insurance
- 1.53380567
- ifrs17_insurance_revenue_oku
- 42.297319445
- insurance_services_expenses_including_sbc_oku
- -38.96557638
- net_reinsurance_service_result_oku
- -3.706331911
- investment_return_oku
- 1.731147457
- insurance_finance_result_oku
- -1.057768208
- financial_services_interest_income_oku
- 1.864073319
- financial_services_interest_expense_oku
- -1.125382742
- other_revenue_and_profit_commission_oku
- 1.774623291
- other_operating_expenses_including_sbc_oku
- -3.47574731
- other_operating_expenses_recoverable_from_co_insurers_oku
- 1.137071383
- expected_credit_loss_and_writeoffs_oku
- -1.610163
- finance_cost_net_oku
- -0.275775095
- normalized_nonrecurring_adjustment_oku
- -0.408
- operating_revenue_analytical_oku
- 45.936016055
- net_expenses_after_investment_and_reinsurance_oku
- 47.756525806
- pbt_parent_continuing_proxy_oku
- -1.820509751
- income_tax_oku
- -0
- profit_after_tax_parent_sbc_deducted_oku
- -1.818509751
- non_controlling_profit_estimate_oku
- -0.002
- sbc_pnl_included_in_costs_oku
- 1.087208497
- sbc_equity_credit_oku
- 1.087208497
- uk_motor_reported_loss_ratio_reference
- 0.649
- uk_motor_core_combined_ratio_reference
- 0.878
- uk_motor_vehicle_policies_m
- 4.662061014
- uk_motor_annualized_written_premium_per_current_policy_gbp
- 643.464316612
- uk_motor_total_premiums_written_oku
- 29.998699046
- admiral_money_gross_loan_balance_oku
- 20.840667774
- loan_ecl_cost_assumption_multiple
- 3.1
- reinsurance_cost_assumption_multiple
- 1.4
- detail_adjustments
内容を開く
- uk_motor_claim_impact_oku
- -2.235058969
- reinsurance_net_oku
- -3.706331911
- credit_cost_oku
- -1.610163
- normalization_ex_2026_one_off_oku
- -0.408
- date_start
2033-01-01
- date_end_projection
2033-12-31
- period_days_in_year
- 365
- cutoff_capital_date
2033-12-31
- forecast_after_horizon_not_realised_in_capital_oku
- -0
- as_of_event_start
内容を開く
- 発行済株式数
- 338115293
- 自己株式数
- 0
- ebt_unvested_shares_estimate
- 3068047.561
- outside_trust_dividend_eligible_shares
- 335047245.78
- old_cohort_remaining_shares
- 292641391.436
- old_cohort_outside_share_fraction
- 0.87343321
- 親会社持分（億）
- 15.651500469
- eligible_own_funds_proxy_oku
- 19.027424382
- solvency_capital_requirement_proxy_oku
- 11.53206195
- scr_surplus_oku
- 7.495362432
- prudential_ratio_proxy
- 1.649958565
- as_of_year_end_or_horizon
内容を開く
- 発行済株式数
- 344183687
- 自己株式数
- 0
- ebt_unvested_shares_estimate
- 3488986.613
- outside_trust_dividend_eligible_shares
- 340694700.656
- old_cohort_remaining_shares
- 290772549.328
- old_cohort_outside_share_fraction
- 0.85346954
- 親会社持分（億）
- 15.606913619
- eligible_own_funds_proxy_oku
- 18.982837532
- solvency_capital_requirement_proxy_oku
- 11.495340716
- scr_surplus_oku
- 7.487496816
- prudential_ratio_proxy
- 1.651350578
- subperiod_realization_factor
- 1
- realized_parent_profit_oku
- -1.818509751
- realized_sbc_equity_credit_oku
- 1.087208497
- sbc_pnl_allocated_to_insurance_expenses_oku
- 0.456627569
- sbc_pnl_allocated_to_other_operating_expenses_oku
- 0.630580928
- cash_capital_transfers
内容を開く
- dividends_oku
- 0
- ordinary_dividends_oku
- 0
- special_dividend_oku
- 0
- buyback_oku
- 0
- ebt_acquisition_oku
- 0.566500015
- new_outside_equity_raised_oku
- 1.253214419
- old_holder_actual_cash_events_year_sum_oku
- 0.494799926
- company_noncash_vested_shares
- 1718711.7960576
- company_net_issued_share_change
- 6068393.9282759
- company_treasury_share_change
- 0
- employee_trust_share_change
- 420939.05190232
- old_holder_equity_share_remaining
- 0.85346954
- equity_reconciliation
内容を開く
- opening_oku
- 15.651500469
- profit_oku
- -1.818509751
- share_scheme_credit_non_cash_oku
- 1.087208497
- dividends_oku
- -0
- company_buyback_oku
- -0
- EBT_cash_acquisition_oku
- -0.566500015
- new_paid_in_capital_oku
- 1.253214419
- closing_oku
- 15.606913619
- share_reconciliation
内容を開く
- issued_open
- 338115293
- cancelled
- -0
- third_party_new
- 6068393.9282759
- issued_close
- 344183687
- trust_open
- 3068047.561
- trust_purchased
- 2139650.8479599
- trust_vested
- -1718711.7960576
- trust_close
- 3488986.613
- old_open
- 292641391.436
- old_pro_rata_sold
- 1868842.108
- old_close
- 290772549.328
- solvency_valuation
内容を開く
- eligible_ownfund_oku
- 18.982837532
- scr_oku
- 11.495340716
- surplus_over_scr_oku
- 7.487496816
- headroom_to_160pct_scr_oku
- 0.590292387
- ratio
- 1.651350578
- event_details
- 1
内容を開く
- 想定日
2033-06-15
- year
- 6.606433949
- event_type
employee_trust_open_market_purchase
- company_cash_oku
- 0.566500015
- old_holder_cash_received_oku
- 0.494799926
- old_holder_shares_after
- 290772549.32765
- eligible_shares_after
- 332907594.93179
- company_equity_after_oku
- 14.752408651
- capital_surplus_after_oku
- 6.596270615
- basis
analyst_assumption
- price_per_share_gbp_assumed
- 26.476283038
- shares_acquired_by_trust
- 2139650.8479599
- old_cohort_pro_rata_shares_sold
- 1868842.1087535
- non_cash_sbc_excluded
- はい
- event_id
crisis-2033-01
- event_date_status
analyst_estimated_not_issuer_announced_as_of_2026_11_06
- issuer_confirmation_status
unconfirmed_future_scenario_event
- requires_display_revalidation_on_real_world_occurrence
- はい
- revalidate_immediately_on_issuer_announcement_even_before_assumed_date
- はい
- model_assumption_payment_or_execution_date
2033-06-15
- event_assumption_as_of_date
2026-11-06
- verification_instructions
Verify EBT purchase confirmations, execution dates, volume, price, number of employee-held shares, resulting old-holder market sale assumptions, cash and eligible own funds.
- trust_purchase_execution_date_assumed
2033-06-15
- settlement_date_confirmed
- 未確認
- revalidation_due_dates_assumed
- 1
2033-06-15
- first_revalidation_date_assumed
2033-06-15
- display_review_required_when_event_executed_or_announced
- はい
- 2
内容を開く
- 想定日
2033-08-15
- year
- 6.773442847
- event_type
noncash_ebt_shares_vested_to_staff
- company_cash_oku
- 0
- old_holder_cash_received_oku
- 0
- old_holder_shares_after
- 290772549.32765
- eligible_shares_after
- 334626306.72784
- company_equity_after_oku
- 14.630191181
- capital_surplus_after_oku
- 6.474053145
- basis
analyst_assumption
- vested_shares
- 1718711.7960576
- issued_change
- 0
- old_cohort_shares_change
- 0
- noncash_event_not_in_timed_cashflows
- はい
- event_id
crisis-2033-02
- event_date_status
analyst_estimated_not_issuer_announced_as_of_2026_11_06
- issuer_confirmation_status
unconfirmed_future_scenario_event
- requires_display_revalidation_on_real_world_occurrence
- はい
- revalidate_immediately_on_issuer_announcement_even_before_assumed_date
- はい
- model_assumption_payment_or_execution_date
2033-08-15
- event_assumption_as_of_date
2026-11-06
- verification_instructions
Verify vest/settlement date, actual allocated shares, EBT transfer versus new issuance, trust holdings, eligible dividend shares and old-holder ownership; do NOT create a cash flow from SBC alone.
- award_vesting_and_share_delivery_date_assumed
2033-08-15
- stock_delivery_date_confirmed
- 未確認
- not_old_holder_cashflow
- はい
- revalidation_due_dates_assumed
- 1
2033-08-15
- first_revalidation_date_assumed
2033-08-15
- display_review_required_when_event_executed_or_announced
- はい
- 3
内容を開く
- 想定日
2033-09-15
- year
- 6.858316222
- event_type
external_equity_financing_not_holder_cash
- company_cash_oku
- -1.253214419
- old_holder_cash_received_oku
- 0
- old_holder_shares_after
- 290772549.32765
- eligible_shares_after
- 340694700.65612
- company_equity_after_oku
- 15.821295083
- capital_surplus_after_oku
- 7.70187828
- basis
analyst_assumption
- new_shares_issued
- 6068393.9282759
- issue_price_gbp_assumed
- 20.651500769
- outside_investors_pay_company_not_old_cohort
- はい
- event_id
crisis-2033-03
- event_date_status
analyst_estimated_not_issuer_announced_as_of_2026_11_06
- issuer_confirmation_status
unconfirmed_future_scenario_event
- requires_display_revalidation_on_real_world_occurrence
- はい
- revalidate_immediately_on_issuer_announcement_even_before_assumed_date
- はい
- model_assumption_payment_or_execution_date
2033-09-15
- event_assumption_as_of_date
2026-11-06
- verification_instructions
Verify paid-in proceeds, actual issue date/price/count, dilution of existing holders and impact on parent capital and solvency; do not treat new investor payment as old-holder cash.
- external_share_issue_date_assumed
2033-09-15
- new_share_issue_date_confirmed
- 未確認
- revalidation_due_dates_assumed
- 1
2033-09-15
- first_revalidation_date_assumed
2033-09-15
- display_review_required_when_event_executed_or_announced
- はい
- insurance_service_result_oku
- -0.374588846
- net_insurance_and_investment_result_oku
- 0.298790403
- financial_services_net_interest_oku
- 0.738690577
- net_other_income_and_expenses_with_model_adjustment_oku
- -2.582215636
- 営業利益（億）
- -1.544734656
- operating_profit_status
analyst_forecast_issuer_IFRS_operating_profit_presentation_analogue
- operating_profit_display_label_ja
営業利益（IFRS連結損益計算書Operating profit準拠の予測）
- operating_profit_is_PBT
- いいえ
- operating_profit_bridge_oku
内容を開く
- ifrs17_insurance_revenue
- 42.297319445
- insurance_service_expenses_including_sbc
- -38.96557638
- net_reinsurance_service_result
- -3.706331911
- insurance_service_result
- -0.374588846
- investment_return
- 1.731147457
- net_insurance_finance_result
- -1.057768208
- net_insurance_and_investment_result
- 0.298790403
- financial_services_interest_income
- 1.864073319
- financial_services_interest_expense
- -1.125382742
- net_financial_services_interest
- 0.738690577
- other_revenue_and_profit_commission
- 1.774623291
- other_operating_expenses_including_sbc
- -3.47574731
- other_operating_expenses_recovered_from_co_insurers
- 1.137071383
- expected_credit_losses_and_writeoffs
- -1.610163
- other_operating_before_model_adjustment
- -2.174215636
- unallocated_model_operating_adjustment_not_issuer_disclosure
- -0.408
- total_other_operating_income_and_expenses_after_adjustment
- -2.582215636
- operating_profit
- -1.544734656
- net_finance_costs_below_operating_profit
- -0.275775095
- PBT_continuing_group_proxy
- -1.820509751
- reconciliation_error_oku
- 0
- SBC_annual_expense_already_included_in_op_costs
- 1.087208497
- categorisation_note
Additional normalisation is assigned to other operating expenses for the purpose of matching original PBT. It is not a reported future statutory line.
- 8
内容を開く
- year
- 2034
- 状態
analyst_assumption_2027_to_2036_not_company_forecast
- segments_ifrs17_revenue_oku
内容を開く
- UK_motor
- 23.848079201
- UK_other_insurance
- 8.099768158
- European_insurance
- 8.067163107
- Other_insurance
- 1.556812755
- ifrs17_insurance_revenue_oku
- 41.571823221
- insurance_services_expenses_including_sbc_oku
- -38.457702521
- net_reinsurance_service_result_oku
- -3.642759802
- investment_return_oku
- 1.711269188
- insurance_finance_result_oku
- -1.044659252
- financial_services_interest_income_oku
- 1.892034419
- financial_services_interest_expense_oku
- -1.142263483
- other_revenue_and_profit_commission_oku
- 1.736807564
- other_operating_expenses_including_sbc_oku
- -3.479419979
- other_operating_expenses_recoverable_from_co_insurers_oku
- 1.117567995
- expected_credit_loss_and_writeoffs_oku
- -1.634315445
- finance_cost_net_oku
- -0.282669472
- normalized_nonrecurring_adjustment_oku
- -0.408
- operating_revenue_analytical_oku
- 45.200665203
- net_expenses_after_investment_and_reinsurance_oku
- 47.26295277
- pbt_parent_continuing_proxy_oku
- -2.062287567
- income_tax_oku
- -0
- profit_after_tax_parent_sbc_deducted_oku
- -2.060287567
- non_controlling_profit_estimate_oku
- -0.002
- sbc_pnl_included_in_costs_oku
- 1.119824752
- sbc_equity_credit_oku
- 1.119824752
- uk_motor_reported_loss_ratio_reference
- 0.639
- uk_motor_core_combined_ratio_reference
- 0.868
- uk_motor_vehicle_policies_m
- 4.522199184
- uk_motor_annualized_written_premium_per_current_policy_gbp
- 637.029673446
- uk_motor_total_premiums_written_oku
- 28.807750694
- admiral_money_gross_loan_balance_oku
- 21.153277791
- loan_ecl_cost_assumption_multiple
- 3.1
- reinsurance_cost_assumption_multiple
- 1.4
- detail_adjustments
内容を開く
- uk_motor_claim_impact_oku
- -1.907846336
- reinsurance_net_oku
- -3.642759802
- credit_cost_oku
- -1.634315445
- normalization_ex_2026_one_off_oku
- -0.408
- date_start
2034-01-01
- date_end_projection
2034-12-31
- period_days_in_year
- 365
- cutoff_capital_date
2034-12-31
- forecast_after_horizon_not_realised_in_capital_oku
- -0
- as_of_event_start
内容を開く
- 発行済株式数
- 344183687
- 自己株式数
- 0
- ebt_unvested_shares_estimate
- 3488986.613
- outside_trust_dividend_eligible_shares
- 340694700.656
- old_cohort_remaining_shares
- 290772549.328
- old_cohort_outside_share_fraction
- 0.85346954
- 親会社持分（億）
- 15.606913619
- eligible_own_funds_proxy_oku
- 18.982837532
- solvency_capital_requirement_proxy_oku
- 11.495340716
- scr_surplus_oku
- 7.487496816
- prudential_ratio_proxy
- 1.651350578
- as_of_year_end_or_horizon
内容を開く
- 発行済株式数
- 351388875
- 自己株式数
- 0
- ebt_unvested_shares_estimate
- 4077228.129
- outside_trust_dividend_eligible_shares
- 347311646.401
- old_cohort_remaining_shares
- 288786032.528
- old_cohort_outside_share_fraction
- 0.83148963
- 親会社持分（億）
- 15.49022923
- eligible_own_funds_proxy_oku
- 18.866153143
- solvency_capital_requirement_proxy_oku
- 11.462185905
- scr_surplus_oku
- 7.403967238
- prudential_ratio_proxy
- 1.64594723
- subperiod_realization_factor
- 1
- realized_parent_profit_oku
- -2.060287567
- realized_sbc_equity_credit_oku
- 1.119824752
- sbc_pnl_allocated_to_insurance_expenses_oku
- 0.470326396
- sbc_pnl_allocated_to_other_operating_expenses_oku
- 0.649498356
- cash_capital_transfers
内容を開く
- dividends_oku
- 0
- ordinary_dividends_oku
- 0
- special_dividend_oku
- 0
- buyback_oku
- 0
- ebt_acquisition_oku
- 0.582362015
- new_outside_equity_raised_oku
- 1.406140441
- old_holder_actual_cash_events_year_sum_oku
- 0.497028241
- company_noncash_vested_shares
- 1739336.3376103
- company_net_issued_share_change
- 7205187.2610587
- company_treasury_share_change
- 0
- employee_trust_share_change
- 588241.51604346
- old_holder_equity_share_remaining
- 0.83148963
- equity_reconciliation
内容を開く
- opening_oku
- 15.606913619
- profit_oku
- -2.060287567
- share_scheme_credit_non_cash_oku
- 1.119824752
- dividends_oku
- -0
- company_buyback_oku
- -0
- EBT_cash_acquisition_oku
- -0.582362015
- new_paid_in_capital_oku
- 1.406140441
- closing_oku
- 15.49022923
- share_reconciliation
内容を開く
- issued_open
- 344183687
- cancelled
- -0
- third_party_new
- 7205187.2610587
- issued_close
- 351388875
- trust_open
- 3488986.613
- trust_purchased
- 2327577.8536537
- trust_vested
- -1739336.3376103
- trust_close
- 4077228.129
- old_open
- 290772549.328
- old_pro_rata_sold
- 1986516.8
- old_close
- 288786032.528
- solvency_valuation
内容を開く
- eligible_ownfund_oku
- 18.866153143
- scr_oku
- 11.462185905
- surplus_over_scr_oku
- 7.403967238
- headroom_to_160pct_scr_oku
- 0.526655695
- ratio
- 1.64594723
- event_details
- 1
内容を開く
- 想定日
2034-06-15
- year
- 7.605749487
- event_type
employee_trust_open_market_purchase
- company_cash_oku
- 0.582362015
- old_holder_cash_received_oku
- 0.497028241
- old_holder_shares_after
- 288786032.52841
- eligible_shares_after
- 338367122.80247
- company_equity_after_oku
- 14.596834269
- capital_surplus_after_oku
- 6.477417466
- basis
analyst_assumption
- price_per_share_gbp_assumed
- 25.02008747
- shares_acquired_by_trust
- 2327577.8536537
- old_cohort_pro_rata_shares_sold
- 1986516.7992401
- non_cash_sbc_excluded
- はい
- event_id
crisis-2034-01
- event_date_status
analyst_estimated_not_issuer_announced_as_of_2026_11_06
- issuer_confirmation_status
unconfirmed_future_scenario_event
- requires_display_revalidation_on_real_world_occurrence
- はい
- revalidate_immediately_on_issuer_announcement_even_before_assumed_date
- はい
- model_assumption_payment_or_execution_date
2034-06-15
- event_assumption_as_of_date
2026-11-06
- verification_instructions
Verify EBT purchase confirmations, execution dates, volume, price, number of employee-held shares, resulting old-holder market sale assumptions, cash and eligible own funds.
- trust_purchase_execution_date_assumed
2034-06-15
- settlement_date_confirmed
- 未確認
- revalidation_due_dates_assumed
- 1
2034-06-15
- first_revalidation_date_assumed
2034-06-15
- display_review_required_when_event_executed_or_announced
- はい
- 2
内容を開く
- 想定日
2034-08-15
- year
- 7.772758385
- event_type
noncash_ebt_shares_vested_to_staff
- company_cash_oku
- 0
- old_holder_cash_received_oku
- 0
- old_holder_shares_after
- 288786032.52841
- eligible_shares_after
- 340106459.14008
- company_equity_after_oku
- 14.439661032
- capital_surplus_after_oku
- 6.320244229
- basis
analyst_assumption
- vested_shares
- 1739336.3376103
- issued_change
- 0
- old_cohort_shares_change
- 0
- noncash_event_not_in_timed_cashflows
- はい
- event_id
crisis-2034-02
- event_date_status
analyst_estimated_not_issuer_announced_as_of_2026_11_06
- issuer_confirmation_status
unconfirmed_future_scenario_event
- requires_display_revalidation_on_real_world_occurrence
- はい
- revalidate_immediately_on_issuer_announcement_even_before_assumed_date
- はい
- model_assumption_payment_or_execution_date
2034-08-15
- event_assumption_as_of_date
2026-11-06
- verification_instructions
Verify vest/settlement date, actual allocated shares, EBT transfer versus new issuance, trust holdings, eligible dividend shares and old-holder ownership; do NOT create a cash flow from SBC alone.
- award_vesting_and_share_delivery_date_assumed
2034-08-15
- stock_delivery_date_confirmed
- 未確認
- not_old_holder_cashflow
- はい
- revalidation_due_dates_assumed
- 1
2034-08-15
- first_revalidation_date_assumed
2034-08-15
- display_review_required_when_event_executed_or_announced
- はい
- 3
内容を開く
- 想定日
2034-09-15
- year
- 7.857631759
- event_type
external_equity_financing_not_holder_cash
- company_cash_oku
- -1.406140441
- old_holder_cash_received_oku
- 0
- old_holder_shares_after
- 288786032.52841
- eligible_shares_after
- 347311646.40114
- company_equity_after_oku
- 15.765926549
- capital_surplus_after_oku
- 7.679664557
- basis
analyst_assumption
- new_shares_issued
- 7205187.2610587
- issue_price_gbp_assumed
- 19.515668227
- outside_investors_pay_company_not_old_cohort
- はい
- event_id
crisis-2034-03
- event_date_status
analyst_estimated_not_issuer_announced_as_of_2026_11_06
- issuer_confirmation_status
unconfirmed_future_scenario_event
- requires_display_revalidation_on_real_world_occurrence
- はい
- revalidate_immediately_on_issuer_announcement_even_before_assumed_date
- はい
- model_assumption_payment_or_execution_date
2034-09-15
- event_assumption_as_of_date
2026-11-06
- verification_instructions
Verify paid-in proceeds, actual issue date/price/count, dilution of existing holders and impact on parent capital and solvency; do not treat new investor payment as old-holder cash.
- external_share_issue_date_assumed
2034-09-15
- new_share_issue_date_confirmed
- 未確認
- revalidation_due_dates_assumed
- 1
2034-09-15
- first_revalidation_date_assumed
2034-09-15
- display_review_required_when_event_executed_or_announced
- はい
- insurance_service_result_oku
- -0.528639102
- net_insurance_and_investment_result_oku
- 0.137970834
- financial_services_net_interest_oku
- 0.749770936
- net_other_income_and_expenses_with_model_adjustment_oku
- -2.667359865
- 営業利益（億）
- -1.779618095
- operating_profit_status
analyst_forecast_issuer_IFRS_operating_profit_presentation_analogue
- operating_profit_display_label_ja
営業利益（IFRS連結損益計算書Operating profit準拠の予測）
- operating_profit_is_PBT
- いいえ
- operating_profit_bridge_oku
内容を開く
- ifrs17_insurance_revenue
- 41.571823221
- insurance_service_expenses_including_sbc
- -38.457702521
- net_reinsurance_service_result
- -3.642759802
- insurance_service_result
- -0.528639102
- investment_return
- 1.711269188
- net_insurance_finance_result
- -1.044659252
- net_insurance_and_investment_result
- 0.137970834
- financial_services_interest_income
- 1.892034419
- financial_services_interest_expense
- -1.142263483
- net_financial_services_interest
- 0.749770936
- other_revenue_and_profit_commission
- 1.736807564
- other_operating_expenses_including_sbc
- -3.479419979
- other_operating_expenses_recovered_from_co_insurers
- 1.117567995
- expected_credit_losses_and_writeoffs
- -1.634315445
- other_operating_before_model_adjustment
- -2.259359865
- unallocated_model_operating_adjustment_not_issuer_disclosure
- -0.408
- total_other_operating_income_and_expenses_after_adjustment
- -2.667359865
- operating_profit
- -1.779618095
- net_finance_costs_below_operating_profit
- -0.282669472
- PBT_continuing_group_proxy
- -2.062287567
- reconciliation_error_oku
- 0
- SBC_annual_expense_already_included_in_op_costs
- 1.119824752
- categorisation_note
Additional normalisation is assigned to other operating expenses for the purpose of matching original PBT. It is not a reported future statutory line.
- 9
内容を開く
- year
- 2035
- 状態
analyst_assumption_2027_to_2036_not_company_forecast
- segments_ifrs17_revenue_oku
内容を開く
- UK_motor
- 22.901310457
- UK_other_insurance
- 8.18076584
- European_insurance
- 8.227497974
- Other_insurance
- 1.580164946
- ifrs17_insurance_revenue_oku
- 40.889739216
- insurance_services_expenses_including_sbc_oku
- -38.000938475
- net_reinsurance_service_result_oku
- -3.582991719
- investment_return_oku
- 1.692580394
- insurance_finance_result_oku
- -1.032334709
- financial_services_interest_income_oku
- 1.920414935
- financial_services_interest_expense_oku
- -1.159397435
- other_revenue_and_profit_commission_oku
- 1.701254652
- other_operating_expenses_including_sbc_oku
- -3.485875259
- other_operating_expenses_recoverable_from_co_insurers_oku
- 1.099231651
- expected_credit_loss_and_writeoffs_oku
- -1.658830176
- finance_cost_net_oku
- -0.289736209
- normalized_nonrecurring_adjustment_oku
- -0.408
- operating_revenue_analytical_oku
- 44.511408803
- net_expenses_after_investment_and_reinsurance_oku
- 46.826291937
- pbt_parent_continuing_proxy_oku
- -2.314883133
- income_tax_oku
- -0
- profit_after_tax_parent_sbc_deducted_oku
- -2.312883133
- non_controlling_profit_estimate_oku
- -0.002
- sbc_pnl_included_in_costs_oku
- 1.153419495
- sbc_equity_credit_oku
- 1.153419495
- uk_motor_reported_loss_ratio_reference
- 0.629
- uk_motor_core_combined_ratio_reference
- 0.858
- uk_motor_vehicle_policies_m
- 4.386533208
- uk_motor_annualized_written_premium_per_current_policy_gbp
- 630.659376712
- uk_motor_total_premiums_written_oku
- 27.664082992
- admiral_money_gross_loan_balance_oku
- 21.470576958
- loan_ecl_cost_assumption_multiple
- 3.1
- reinsurance_cost_assumption_multiple
- 1.4
- detail_adjustments
内容を開く
- uk_motor_claim_impact_oku
- -1.603091732
- reinsurance_net_oku
- -3.582991719
- credit_cost_oku
- -1.658830176
- normalization_ex_2026_one_off_oku
- -0.408
- date_start
2035-01-01
- date_end_projection
2035-12-31
- period_days_in_year
- 365
- cutoff_capital_date
2035-12-31
- forecast_after_horizon_not_realised_in_capital_oku
- -0
- as_of_event_start
内容を開く
- 発行済株式数
- 351388875
- 自己株式数
- 0
- ebt_unvested_shares_estimate
- 4077228.129
- outside_trust_dividend_eligible_shares
- 347311646.401
- old_cohort_remaining_shares
- 288786032.528
- old_cohort_outside_share_fraction
- 0.83148963
- 親会社持分（億）
- 15.49022923
- eligible_own_funds_proxy_oku
- 18.866153143
- solvency_capital_requirement_proxy_oku
- 11.462185905
- scr_surplus_oku
- 7.403967238
- prudential_ratio_proxy
- 1.64594723
- as_of_year_end_or_horizon
内容を開く
- 発行済株式数
- 360339445
- 自己株式数
- 0
- ebt_unvested_shares_estimate
- 4849030.373
- outside_trust_dividend_eligible_shares
- 355490414.328
- old_cohort_remaining_shares
- 286680691.956
- old_cohort_outside_share_fraction
- 0.806437193
- 親会社持分（億）
- 15.382789022
- eligible_own_funds_proxy_oku
- 18.758712935
- solvency_capital_requirement_proxy_oku
- 11.432489383
- scr_surplus_oku
- 7.326223552
- prudential_ratio_proxy
- 1.640824873
- subperiod_realization_factor
- 1
- realized_parent_profit_oku
- -2.312883133
- realized_sbc_equity_credit_oku
- 1.153419495
- sbc_pnl_allocated_to_insurance_expenses_oku
- 0.484436188
- sbc_pnl_allocated_to_other_operating_expenses_oku
- 0.668983307
- cash_capital_transfers
内容を開く
- dividends_oku
- 0
- ordinary_dividends_oku
- 0
- special_dividend_oku
- 0
- buyback_oku
- 0
- ebt_acquisition_oku
- 0.598668151
- new_outside_equity_raised_oku
- 1.650691582
- old_holder_actual_cash_events_year_sum_oku
- 0.49778636
- company_noncash_vested_shares
- 1760208.3736616
- company_net_issued_share_change
- 8950570.1702469
- company_treasury_share_change
- 0
- employee_trust_share_change
- 771802.24385802
- old_holder_equity_share_remaining
- 0.806437193
- equity_reconciliation
内容を開く
- opening_oku
- 15.49022923
- profit_oku
- -2.312883133
- share_scheme_credit_non_cash_oku
- 1.153419495
- dividends_oku
- -0
- company_buyback_oku
- -0
- EBT_cash_acquisition_oku
- -0.598668151
- new_paid_in_capital_oku
- 1.650691582
- closing_oku
- 15.382789022
- share_reconciliation
内容を開く
- issued_open
- 351388875
- cancelled
- -0
- third_party_new
- 8950570.1702469
- issued_close
- 360339445
- trust_open
- 4077228.129
- trust_purchased
- 2532010.6175196
- trust_vested
- -1760208.3736616
- trust_close
- 4849030.373
- old_open
- 288786032.528
- old_pro_rata_sold
- 2105340.572
- old_close
- 286680691.956
- solvency_valuation
内容を開く
- eligible_ownfund_oku
- 18.758712935
- scr_oku
- 11.432489383
- surplus_over_scr_oku
- 7.326223552
- headroom_to_160pct_scr_oku
- 0.466729922
- ratio
- 1.640824873
- event_details
- 1
内容を開く
- 想定日
2035-06-15
- year
- 8.605065024
- event_type
employee_trust_open_market_purchase
- company_cash_oku
- 0.598668151
- old_holder_cash_received_oku
- 0.49778636
- old_holder_shares_after
- 286680691.95567
- eligible_shares_after
- 344779635.78362
- company_equity_after_oku
- 14.364243369
- capital_surplus_after_oku
- 6.277981377
- basis
analyst_assumption
- price_per_share_gbp_assumed
- 23.64398266
- shares_acquired_by_trust
- 2532010.6175196
- old_cohort_pro_rata_shares_sold
- 2105340.5727396
- non_cash_sbc_excluded
- はい
- event_id
crisis-2035-01
- event_date_status
analyst_estimated_not_issuer_announced_as_of_2026_11_06
- issuer_confirmation_status
unconfirmed_future_scenario_event
- requires_display_revalidation_on_real_world_occurrence
- はい
- revalidate_immediately_on_issuer_announcement_even_before_assumed_date
- はい
- model_assumption_payment_or_execution_date
2035-06-15
- event_assumption_as_of_date
2026-11-06
- verification_instructions
Verify EBT purchase confirmations, execution dates, volume, price, number of employee-held shares, resulting old-holder market sale assumptions, cash and eligible own funds.
- trust_purchase_execution_date_assumed
2035-06-15
- settlement_date_confirmed
- 未確認
- revalidation_due_dates_assumed
- 1
2035-06-15
- first_revalidation_date_assumed
2035-06-15
- display_review_required_when_event_executed_or_announced
- はい
- 2
内容を開く
- 想定日
2035-08-15
- year
- 8.772073922
- event_type
noncash_ebt_shares_vested_to_staff
- company_cash_oku
- 0
- old_holder_cash_received_oku
- 0
- old_holder_shares_after
- 286680691.95567
- eligible_shares_after
- 346539844.15728
- company_equity_after_oku
- 14.170469994
- capital_surplus_after_oku
- 6.084208002
- basis
analyst_assumption
- vested_shares
- 1760208.3736616
- issued_change
- 0
- old_cohort_shares_change
- 0
- noncash_event_not_in_timed_cashflows
- はい
- event_id
crisis-2035-02
- event_date_status
analyst_estimated_not_issuer_announced_as_of_2026_11_06
- issuer_confirmation_status
unconfirmed_future_scenario_event
- requires_display_revalidation_on_real_world_occurrence
- はい
- revalidate_immediately_on_issuer_announcement_even_before_assumed_date
- はい
- model_assumption_payment_or_execution_date
2035-08-15
- event_assumption_as_of_date
2026-11-06
- verification_instructions
Verify vest/settlement date, actual allocated shares, EBT transfer versus new issuance, trust holdings, eligible dividend shares and old-holder ownership; do NOT create a cash flow from SBC alone.
- award_vesting_and_share_delivery_date_assumed
2035-08-15
- stock_delivery_date_confirmed
- 未確認
- not_old_holder_cashflow
- はい
- revalidation_due_dates_assumed
- 1
2035-08-15
- first_revalidation_date_assumed
2035-08-15
- display_review_required_when_event_executed_or_announced
- はい
- 3
内容を開く
- 想定日
2035-09-17
- year
- 8.862422998
- event_type
external_equity_financing_not_holder_cash
- company_cash_oku
- -1.650691582
- old_holder_cash_received_oku
- 0
- old_holder_shares_after
- 286680691.95567
- eligible_shares_after
- 355490414.32752
- company_equity_after_oku
- 15.716333357
- capital_surplus_after_oku
- 7.659767887
- basis
analyst_assumption
- new_shares_issued
- 8950570.1702469
- issue_price_gbp_assumed
- 18.442306474
- outside_investors_pay_company_not_old_cohort
- はい
- event_id
crisis-2035-03
- event_date_status
analyst_estimated_not_issuer_announced_as_of_2026_11_06
- issuer_confirmation_status
unconfirmed_future_scenario_event
- requires_display_revalidation_on_real_world_occurrence
- はい
- revalidate_immediately_on_issuer_announcement_even_before_assumed_date
- はい
- model_assumption_payment_or_execution_date
2035-09-17
- event_assumption_as_of_date
2026-11-06
- verification_instructions
Verify paid-in proceeds, actual issue date/price/count, dilution of existing holders and impact on parent capital and solvency; do not treat new investor payment as old-holder cash.
- external_share_issue_date_assumed
2035-09-17
- new_share_issue_date_confirmed
- 未確認
- revalidation_due_dates_assumed
- 1
2035-09-17
- first_revalidation_date_assumed
2035-09-17
- display_review_required_when_event_executed_or_announced
- はい
- insurance_service_result_oku
- -0.694190978
- net_insurance_and_investment_result_oku
- -0.033945293
- financial_services_net_interest_oku
- 0.7610175
- net_other_income_and_expenses_with_model_adjustment_oku
- -2.752219132
- 営業利益（億）
- -2.025146925
- operating_profit_status
analyst_forecast_issuer_IFRS_operating_profit_presentation_analogue
- operating_profit_display_label_ja
営業利益（IFRS連結損益計算書Operating profit準拠の予測）
- operating_profit_is_PBT
- いいえ
- operating_profit_bridge_oku
内容を開く
- ifrs17_insurance_revenue
- 40.889739216
- insurance_service_expenses_including_sbc
- -38.000938475
- net_reinsurance_service_result
- -3.582991719
- insurance_service_result
- -0.694190978
- investment_return
- 1.692580394
- net_insurance_finance_result
- -1.032334709
- net_insurance_and_investment_result
- -0.033945293
- financial_services_interest_income
- 1.920414935
- financial_services_interest_expense
- -1.159397435
- net_financial_services_interest
- 0.7610175
- other_revenue_and_profit_commission
- 1.701254652
- other_operating_expenses_including_sbc
- -3.485875259
- other_operating_expenses_recovered_from_co_insurers
- 1.099231651
- expected_credit_losses_and_writeoffs
- -1.658830176
- other_operating_before_model_adjustment
- -2.344219132
- unallocated_model_operating_adjustment_not_issuer_disclosure
- -0.408
- total_other_operating_income_and_expenses_after_adjustment
- -2.752219132
- operating_profit
- -2.025146925
- net_finance_costs_below_operating_profit
- -0.289736209
- PBT_continuing_group_proxy
- -2.314883133
- reconciliation_error_oku
- -1.0E-9
- SBC_annual_expense_already_included_in_op_costs
- 1.153419495
- categorisation_note
Additional normalisation is assigned to other operating expenses for the purpose of matching original PBT. It is not a reported future statutory line.
- 10
内容を開く
- year
- 2036
- 状態
analyst_assumption_2027_to_2036_not_company_forecast
- segments_ifrs17_revenue_oku
内容を開く
- UK_motor
- 21.992128432
- UK_other_insurance
- 8.262573498
- European_insurance
- 8.391019496
- Other_insurance
- 1.60386742
- ifrs17_insurance_revenue_oku
- 40.249588846
- insurance_services_expenses_including_sbc_oku
- -37.703838855
- net_reinsurance_service_result_oku
- -3.526898099
- investment_return_oku
- 1.675040563
- insurance_finance_result_oku
- -1.020767863
- financial_services_interest_income_oku
- 1.949221159
- financial_services_interest_expense_oku
- -1.176788397
- other_revenue_and_profit_commission_oku
- 1.667887488
- other_operating_expenses_including_sbc_oku
- -3.495118337
- other_operating_expenses_recoverable_from_co_insurers_oku
- 1.082022602
- expected_credit_loss_and_writeoffs_oku
- -1.683712629
- finance_cost_net_oku
- -0.296979614
- normalized_nonrecurring_adjustment_oku
- -0.408
- operating_revenue_analytical_oku
- 43.866697492
- net_expenses_after_investment_and_reinsurance_oku
- 46.55504063
- pbt_parent_continuing_proxy_oku
- -2.688343138
- income_tax_oku
- -0
- profit_after_tax_parent_sbc_deducted_oku
- -2.686343138
- non_controlling_profit_estimate_oku
- -0.002
- sbc_pnl_included_in_costs_oku
- 1.188022079
- sbc_equity_credit_oku
- 1.188022079
- uk_motor_reported_loss_ratio_reference
- 0.624
- uk_motor_core_combined_ratio_reference
- 0.853
- uk_motor_vehicle_policies_m
- 4.254937212
- uk_motor_annualized_written_premium_per_current_policy_gbp
- 624.352782945
- uk_motor_total_premiums_written_oku
- 26.565818897
- admiral_money_gross_loan_balance_oku
- 21.792635612
- loan_ecl_cost_assumption_multiple
- 3.1
- reinsurance_cost_assumption_multiple
- 1.4
- detail_adjustments
内容を開く
- uk_motor_claim_impact_oku
- -1.429488348
- reinsurance_net_oku
- -3.526898099
- credit_cost_oku
- -1.683712629
- normalization_ex_2026_one_off_oku
- -0.408
- date_start
2036-01-01
- date_end_projection
2036-12-31
- period_days_in_year
- 366
- cutoff_capital_date
2036-11-06
- forecast_after_horizon_not_realised_in_capital_oku
- -0.403685444
- as_of_event_start
内容を開く
- 発行済株式数
- 360339445
- 自己株式数
- 0
- ebt_unvested_shares_estimate
- 4849030.373
- outside_trust_dividend_eligible_shares
- 355490414.328
- old_cohort_remaining_shares
- 286680691.956
- old_cohort_outside_share_fraction
- 0.806437193
- 親会社持分（億）
- 15.382789022
- eligible_own_funds_proxy_oku
- 18.758712935
- solvency_capital_requirement_proxy_oku
- 11.432489383
- scr_surplus_oku
- 7.326223552
- prudential_ratio_proxy
- 1.640824873
- as_of_year_end_or_horizon
内容を開く
- 発行済株式数
- 371615979
- 自己株式数
- 0
- ebt_unvested_shares_estimate
- 5822098.351
- outside_trust_dividend_eligible_shares
- 365793880.986
- old_cohort_remaining_shares
- 284459442.277
- old_cohort_outside_share_fraction
- 0.777649537
- 親会社持分（億）
- 15.459466798
- eligible_own_funds_proxy_oku
- 18.835390711
- solvency_capital_requirement_proxy_oku
- 11.40614786
- scr_surplus_oku
- 7.429242851
- prudential_ratio_proxy
- 1.651336713
- subperiod_realization_factor
- 0.849726776
- realized_parent_profit_oku
- -2.282657694
- realized_sbc_equity_credit_oku
- 1.009494171
- sbc_pnl_allocated_to_insurance_expenses_oku
- 0.498969273
- sbc_pnl_allocated_to_other_operating_expenses_oku
- 0.689052806
- cash_capital_transfers
内容を開く
- dividends_oku
- 0
- ordinary_dividends_oku
- 0
- special_dividend_oku
- 0
- buyback_oku
- 0
- ebt_acquisition_oku
- 0.61543086
- new_outside_equity_raised_oku
- 1.965272158
- old_holder_actual_cash_events_year_sum_oku
- 0.496306335
- company_noncash_vested_shares
- 1781330.8741455
- company_net_issued_share_change
- 11276534.635728
- company_treasury_share_change
- 0
- employee_trust_share_change
- 973067.97750544
- old_holder_equity_share_remaining
- 0.777649537
- equity_reconciliation
内容を開く
- opening_oku
- 15.382789022
- profit_oku
- -2.282657694
- share_scheme_credit_non_cash_oku
- 1.009494171
- dividends_oku
- -0
- company_buyback_oku
- -0
- EBT_cash_acquisition_oku
- -0.61543086
- new_paid_in_capital_oku
- 1.965272158
- closing_oku
- 15.459466798
- share_reconciliation
内容を開く
- issued_open
- 360339445
- cancelled
- -0
- third_party_new
- 11276534.635728
- issued_close
- 371615979
- trust_open
- 4849030.373
- trust_purchased
- 2754398.851651
- trust_vested
- -1781330.8741455
- trust_close
- 5822098.351
- old_open
- 286680691.956
- old_pro_rata_sold
- 2221249.679
- old_close
- 284459442.277
- solvency_valuation
内容を開く
- eligible_ownfund_oku
- 18.835390711
- scr_oku
- 11.40614786
- surplus_over_scr_oku
- 7.429242851
- headroom_to_160pct_scr_oku
- 0.585554134
- ratio
- 1.651336713
- event_details
- 1
内容を開く
- 想定日
2036-06-16
- year
- 9.609856263
- event_type
employee_trust_open_market_purchase
- company_cash_oku
- 0.61543086
- old_holder_cash_received_oku
- 0.496306335
- old_holder_shares_after
- 284459442.27667
- eligible_shares_after
- 352736015.47587
- company_equity_after_oku
- 14.079604234
- capital_surplus_after_oku
- 6.023038764
- basis
analyst_assumption
- price_per_share_gbp_assumed
- 22.343563613
- shares_acquired_by_trust
- 2754398.851651
- old_cohort_pro_rata_shares_sold
- 2221249.6790017
- non_cash_sbc_excluded
- はい
- event_id
crisis-2036-01
- event_date_status
analyst_estimated_not_issuer_announced_as_of_2026_11_06
- issuer_confirmation_status
unconfirmed_future_scenario_event
- requires_display_revalidation_on_real_world_occurrence
- はい
- revalidate_immediately_on_issuer_announcement_even_before_assumed_date
- はい
- model_assumption_payment_or_execution_date
2036-06-16
- event_assumption_as_of_date
2026-11-06
- verification_instructions
Verify EBT purchase confirmations, execution dates, volume, price, number of employee-held shares, resulting old-holder market sale assumptions, cash and eligible own funds.
- trust_purchase_execution_date_assumed
2036-06-16
- settlement_date_confirmed
- 未確認
- revalidation_due_dates_assumed
- 1
2036-06-16
- first_revalidation_date_assumed
2036-06-16
- display_review_required_when_event_executed_or_announced
- はい
- 2
内容を開く
- 想定日
2036-08-15
- year
- 9.77412731
- event_type
noncash_ebt_shares_vested_to_staff
- company_cash_oku
- 0
- old_holder_cash_received_oku
- 0
- old_holder_shares_after
- 284459442.27667
- eligible_shares_after
- 354517346.35002
- company_equity_after_oku
- 13.833977831
- capital_surplus_after_oku
- 5.777412361
- basis
analyst_assumption
- vested_shares
- 1781330.8741455
- issued_change
- 0
- old_cohort_shares_change
- 0
- noncash_event_not_in_timed_cashflows
- はい
- event_id
crisis-2036-02
- event_date_status
analyst_estimated_not_issuer_announced_as_of_2026_11_06
- issuer_confirmation_status
unconfirmed_future_scenario_event
- requires_display_revalidation_on_real_world_occurrence
- はい
- revalidate_immediately_on_issuer_announcement_even_before_assumed_date
- はい
- model_assumption_payment_or_execution_date
2036-08-15
- event_assumption_as_of_date
2026-11-06
- verification_instructions
Verify vest/settlement date, actual allocated shares, EBT transfer versus new issuance, trust holdings, eligible dividend shares and old-holder ownership; do NOT create a cash flow from SBC alone.
- award_vesting_and_share_delivery_date_assumed
2036-08-15
- stock_delivery_date_confirmed
- 未確認
- not_old_holder_cashflow
- はい
- revalidation_due_dates_assumed
- 1
2036-08-15
- first_revalidation_date_assumed
2036-08-15
- display_review_required_when_event_executed_or_announced
- はい
- 3
内容を開く
- 想定日
2036-09-15
- year
- 9.859000684
- event_type
external_equity_financing_not_holder_cash
- company_cash_oku
- -1.965272158
- old_holder_cash_received_oku
- 0
- old_holder_shares_after
- 284459442.27667
- eligible_shares_after
- 365793880.98575
- company_equity_after_oku
- 15.672343014
- capital_surplus_after_oku
- 7.642119067
- basis
analyst_assumption
- new_shares_issued
- 11276534.635728
- issue_price_gbp_assumed
- 17.427979618
- outside_investors_pay_company_not_old_cohort
- はい
- event_id
crisis-2036-03
- event_date_status
analyst_estimated_not_issuer_announced_as_of_2026_11_06
- issuer_confirmation_status
unconfirmed_future_scenario_event
- requires_display_revalidation_on_real_world_occurrence
- はい
- revalidate_immediately_on_issuer_announcement_even_before_assumed_date
- はい
- model_assumption_payment_or_execution_date
2036-09-15
- event_assumption_as_of_date
2026-11-06
- verification_instructions
Verify paid-in proceeds, actual issue date/price/count, dilution of existing holders and impact on parent capital and solvency; do not treat new investor payment as old-holder cash.
- external_share_issue_date_assumed
2036-09-15
- new_share_issue_date_confirmed
- 未確認
- revalidation_due_dates_assumed
- 1
2036-09-15
- first_revalidation_date_assumed
2036-09-15
- display_review_required_when_event_executed_or_announced
- はい
- insurance_service_result_oku
- -0.981148108
- net_insurance_and_investment_result_oku
- -0.326875408
- financial_services_net_interest_oku
- 0.772432762
- net_other_income_and_expenses_with_model_adjustment_oku
- -2.836920876
- 営業利益（億）
- -2.391363522
- operating_profit_status
analyst_forecast_issuer_IFRS_operating_profit_presentation_analogue
- operating_profit_display_label_ja
営業利益（IFRS連結損益計算書Operating profit準拠の予測）
- operating_profit_is_PBT
- いいえ
- operating_profit_bridge_oku
内容を開く
- ifrs17_insurance_revenue
- 40.249588846
- insurance_service_expenses_including_sbc
- -37.703838855
- net_reinsurance_service_result
- -3.526898099
- insurance_service_result
- -0.981148108
- investment_return
- 1.675040563
- net_insurance_finance_result
- -1.020767863
- net_insurance_and_investment_result
- -0.326875408
- financial_services_interest_income
- 1.949221159
- financial_services_interest_expense
- -1.176788397
- net_financial_services_interest
- 0.772432762
- other_revenue_and_profit_commission
- 1.667887488
- other_operating_expenses_including_sbc
- -3.495118337
- other_operating_expenses_recovered_from_co_insurers
- 1.082022602
- expected_credit_losses_and_writeoffs
- -1.683712629
- other_operating_before_model_adjustment
- -2.428920876
- unallocated_model_operating_adjustment_not_issuer_disclosure
- -0.408
- total_other_operating_income_and_expenses_after_adjustment
- -2.836920876
- operating_profit
- -2.391363522
- net_finance_costs_below_operating_profit
- -0.296979614
- PBT_continuing_group_proxy
- -2.688343138
- reconciliation_error_oku
- 2.0E-9
- SBC_annual_expense_already_included_in_op_costs
- 1.188022079
- categorisation_note
Additional normalisation is assigned to other operating expenses for the purpose of matching original PBT. It is not a reported future statutory line.
- final_partial_2036
内容を開く
- 開始日
2035-12-31
- 終了日
2036-11-06
- days_included
- 311
- days_full_year
- 366
- realization_fraction
- 0.849726776
- ifrs17_insurance_revenue_realized_oku
- 34.201153364
- operating_revenue_analytical_realized_oku
- 37.274707432
- net_expenses_after_investment_and_reinsurance_realized_oku
- 39.559064579
- PBT_realized_oku
- -2.284357147
- tax_realized_oku
- -0
- 2036_parent_profit_included_oku
- -2.282657694
- 2036_parent_profit_after_cutoff_excluded_oku
- -0.403685444
- sbc_equity_credit_included_oku
- 1.009494171
- dividends_paid_included_oku
- 0
- buybacks_paid_included_oku
- 0
- ebt_purchases_included_oku
- 0.61543086
- new_financing_included_oku
- 1.965272158
- share_and_capital_at_cutoff
内容を開く
- 発行済株式数
- 371615979
- 自己株式数
- 0
- ebt_unvested_shares_estimate
- 5822098.351
- outside_trust_dividend_eligible_shares
- 365793880.986
- old_cohort_remaining_shares
- 284459442.277
- old_cohort_outside_share_fraction
- 0.777649537
- 親会社持分（億）
- 15.459466798
- eligible_own_funds_proxy_oku
- 18.835390711
- solvency_capital_requirement_proxy_oku
- 11.40614786
- scr_surplus_oku
- 7.429242851
- prudential_ratio_proxy
- 1.651336713
- post_cutoff_2036_distributions_excluded
- はい
- operating_profit_realized_to_2036_11_06_oku
- -2.032005616
- net_finance_costs_realized_to_2036_11_06_oku
- -0.25235153
- operating_profit_assumption_note
2036 FY OP multiplied by annual fractional recognition, not the full FY OP accrued into 2036-11-06 equity.
- 期間内株主受取
- 7.265814893
- 終価
- 0
- old_holder_economics
内容を開く
- cohort
2026-11-06時点のEBTを除いた株主群。買戻し及びEBT市場取得に比例売却し、将来発行・従業員への信託株交付には参加しない
- initial_market_value_oku
- 118.727581042
- initial_old_holder_shares
- 301798630
- remaining_old_holder_shares
- 284459442.277
- remaining_outside_holding_fraction
- 0.777649537
- all_dividend_buyback_and_ebt_proceeds_oku
- 7.265814893
- terminal_old_cohort_mcap_oku
- 0
- terminal_whole_company_equity_value_oku
- 0
- terminal_book_equity_oku
- 15.459466798
- terminal_fundamental
内容を開く
- 方法
SBC_clean_surplus_residual_income_endogenous_fair_value_share_neutral_v3
- 終価の基準日
2036-11-06
- forecast_2037_annual_parent_profit_after_sbc_oku
- -3.167685267
- sustainability_haircut_multiplier
- 0.66
- normalized_next_12m_profit_oku
- -2.090672276
- parent_book_equity_terminal_oku
- 15.459466798
- required_return
- 0.09
- perpetual_reinvestment_supported_growth
- 0.005
- residual_income_oku
- -2.25836154645
- group_fundamental_equity_value_oku
- 0
- old_cohort_remaining_fraction
- 0.777649537
- cohort_terminal_value_oku
- 0
- method_notes
Correction: the original RI applied IFRS parent NI after SBC but omitted the recurring IAS32-equity recredit and funded market EBT acquisitions. The FY2037 equity bridge is E1=E0+normalized NI after expensed SBC+SBC capital credit -market employee trust cash purchases -sustainable dividends/corporate repurchases. At stable outside shares, bought shares equal grants; cash funding B=A*V1/X at fundamental post-year-end price; group intrinsic V=(NI+C-g*E)/(k-g+(A/X)*(1+g)). This is exactly E+(NI+C-B-k*E)/(k-g). The valuation for the original outside cohort is group intrinsic V * original remaining outside fraction, assuming all next-year EBT sales are pro rata at fair value and both sale cash and fewer remaining shares are respected. Beyond 2036 cash from employee trust sales is NOT added again to the terminal value. 2036 actual modeled EBT buys have already reduced book equity and shareholder shares, so not charged again. No market P/E or P/B multiple is used, no insurance investment asset double-counted. Zero-floor case is capital-stress/downside, not a financed going concern.
- normalized_next_12m_distributable_earnings_after_market_EBT_funding_oku
- -0.86700953463
- sustainable_2037_distributable_cash_excluding_trust_purchases_oku
- 0
- 2037_required_purchase_funding_oku
- 未確認
- 2037_purchase_price_fundamental_gbp_assumed
- 未確認
- 2037_share_scheme_equity_credit_oku
- 1.22366274137
- 2037_share_scheme_pnl_expense_oku
- 1.22366274137
- 2037_award_shares_assumed
- 1802706.8446353
- terminal_book_growth_required_oku
- 0.07729733399
- terminal_2037_nominal_COE_oku
- 1.39135201182
- pre_v3_uncorrected_terminal_company_equity_value_oku
- 0
- pre_v3_uncorrected_terminal_old_holder_value_oku
- 0
- valuation
内容を開く
- discount_rate
- 0.09
- terminal_elapsed_ACT_365_25
- 10.001368925
- pv_holder_cashflows_oku
- 5.4881204476733
- pv_terminal_old_cohort_oku
- 0
- pv_total_oku
- 5.4881204476733
- return_multiple_on_initial_market_value
- 0.046224477914124
- pv_upside_vs_market
- -0.95377552208588
- old_holder_cashflow_irr
- -0.37221182534491
- valuation_revision_reason
2037 onward share-neutral EBT replenishment at intrinsic value and corresponding share-scheme credit clean-surplus bridge
- pre_v3_pv_total_oku
- 5.488120448
- pre_v3_IRR
- -0.372211825
- validation
内容を開く
- annual_period_count
- 10
- all_cashflows_within_horizon
- はい
- payout_equals_sum_events_oku
- 7.265814893
- terminal_ownership_fraction_matches
- 0.777649537
- company_buybacks_are_old_cohort_cash_included_once
- はい
- sbc_pnl_is_cost_and_not_holder_cashflow
- はい
- EBT_stock_grants_non_cash_not_holder_cashflow
- はい
- operating_profit_annual_bridges_all_10_years
- はい
- forecast_event_assumed_ex_dates_distinct_from_issuer_confirmed_ex_dates
- はい
- future_2027_2036_corporate_events_have_dated_revalidation_triggers
- はい
- 2036_annual_share_awards_and_purchases_reconcile_to_trust_rollforward
- はい
- terminal_SBC_cash_funding_and_capital_credit_accounted_exactly_once
- はい
- terminal_clean_surplus_reconciles
- はい
- 2037_fair_market_sale_original_cohort_total_return_matches_COE
- 未確認
- 2037_issuance_vs_trust_purchase_one_year_holder_equivalence
- 未確認
- 2037_dated_future_event_not_in_10yr_timed_cashflows
- はい
- negative_sustainable_distribution_requires_recapitalization_or_plan_change
- はい
- future_event_revalidation_schedule
内容を開く
- 1
内容を開く
- event_id
crisis-2027-01
- fiscal_year
- 2027
- event_type
dividend_final_prior_fiscal_year
- date_status
unconfirmed_assumed
- date_fields
- ex_date_assumed
2027-05-06
- record_date_assumed
2027-05-07
- payment_date_assumed
2027-05-17
- first_revalidation_date_assumed
2027-05-06
- revalidation_due_dates_assumed
- 1
2027-05-06
- 2
2027-05-07
- 3
2027-05-17
- on_earlier_announcement
revalidate_immediately
- on_actual_execution
reconcile_price_shares_cash_equity_solvency_holder_economics
- old_holder_cashflow_expected_oku
- 2.145
- company_cash_change_oku
- 2.145
- noncash_event
- いいえ
- checks
Confirm official declaration, ex-date, record date, pay date, GBP/share, distributable capital, share count at ex-date, old cohort entitlement and payment; recompute holder CF PV/IRR and balance sheet/SCR on change.
- 2
内容を開く
- event_id
crisis-2027-02
- fiscal_year
- 2027
- event_type
employee_trust_open_market_purchase
- date_status
unconfirmed_assumed
- date_fields
- trust_purchase_execution_date_assumed
2027-06-15
- first_revalidation_date_assumed
2027-06-15
- revalidation_due_dates_assumed
- 1
2027-06-15
- on_earlier_announcement
revalidate_immediately
- on_actual_execution
reconcile_price_shares_cash_equity_solvency_holder_economics
- old_holder_cashflow_expected_oku
- 0.48
- company_cash_change_oku
- 0.48
- noncash_event
- いいえ
- checks
Verify EBT purchase confirmations, execution dates, volume, price, number of employee-held shares, resulting old-holder market sale assumptions, cash and eligible own funds.
- 3
内容を開く
- event_id
crisis-2027-03
- fiscal_year
- 2027
- event_type
noncash_ebt_shares_vested_to_staff
- date_status
unconfirmed_assumed
- date_fields
- award_vesting_and_share_delivery_date_assumed
2027-08-16
- first_revalidation_date_assumed
2027-08-16
- revalidation_due_dates_assumed
- 1
2027-08-16
- on_earlier_announcement
revalidate_immediately
- on_actual_execution
reconcile_price_shares_cash_equity_solvency_holder_economics
- old_holder_cashflow_expected_oku
- 0
- company_cash_change_oku
- 0
- noncash_event
- はい
- checks
Verify vest/settlement date, actual allocated shares, EBT transfer versus new issuance, trust holdings, eligible dividend shares and old-holder ownership; do NOT create a cash flow from SBC alone.
- 4
内容を開く
- event_id
crisis-2027-04
- fiscal_year
- 2027
- event_type
external_equity_financing_not_holder_cash
- date_status
unconfirmed_assumed
- date_fields
- external_share_issue_date_assumed
2027-09-15
- first_revalidation_date_assumed
2027-09-15
- revalidation_due_dates_assumed
- 1
2027-09-15
- on_earlier_announcement
revalidate_immediately
- on_actual_execution
reconcile_price_shares_cash_equity_solvency_holder_economics
- old_holder_cashflow_expected_oku
- 0
- company_cash_change_oku
- -1.419953445
- noncash_event
- いいえ
- checks
Verify paid-in proceeds, actual issue date/price/count, dilution of existing holders and impact on parent capital and solvency; do not treat new investor payment as old-holder cash.
- 5
内容を開く
- event_id
crisis-2027-05
- fiscal_year
- 2027
- event_type
dividend_interim_current_fiscal_year
- date_status
unconfirmed_assumed
- date_fields
- ex_date_assumed
2027-09-02
- record_date_assumed
2027-09-03
- payment_date_assumed
2027-10-04
- first_revalidation_date_assumed
2027-09-02
- revalidation_due_dates_assumed
- 1
2027-09-02
- 2
2027-09-03
- 3
2027-10-04
- on_earlier_announcement
revalidate_immediately
- on_actual_execution
reconcile_price_shares_cash_equity_solvency_holder_economics
- old_holder_cashflow_expected_oku
- 0.098781634
- company_cash_change_oku
- 0.09930758
- noncash_event
- いいえ
- checks
Confirm official declaration, ex-date, record date, pay date, GBP/share, distributable capital, share count at ex-date, old cohort entitlement and payment; recompute holder CF PV/IRR and balance sheet/SCR on change.
- 6
内容を開く
- event_id
crisis-2028-01
- fiscal_year
- 2028
- event_type
dividend_final_prior_fiscal_year
- date_status
unconfirmed_assumed
- date_fields
- ex_date_assumed
2028-05-04
- record_date_assumed
2028-05-05
- payment_date_assumed
2028-05-15
- first_revalidation_date_assumed
2028-05-04
- revalidation_due_dates_assumed
- 1
2028-05-04
- 2
2028-05-05
- 3
2028-05-15
- on_earlier_announcement
revalidate_immediately
- on_actual_execution
reconcile_price_shares_cash_equity_solvency_holder_economics
- old_holder_cashflow_expected_oku
- 0.097206037
- company_cash_change_oku
- 0.09930758
- noncash_event
- いいえ
- checks
Confirm official declaration, ex-date, record date, pay date, GBP/share, distributable capital, share count at ex-date, old cohort entitlement and payment; recompute holder CF PV/IRR and balance sheet/SCR on change.
- 7
内容を開く
- event_id
crisis-2028-02
- fiscal_year
- 2028
- event_type
employee_trust_open_market_purchase
- date_status
unconfirmed_assumed
- date_fields
- trust_purchase_execution_date_assumed
2028-06-15
- first_revalidation_date_assumed
2028-06-15
- revalidation_due_dates_assumed
- 1
2028-06-15
- on_earlier_announcement
revalidate_immediately
- on_actual_execution
reconcile_price_shares_cash_equity_solvency_holder_economics
- old_holder_cashflow_expected_oku
- 0.482997845
- company_cash_change_oku
- 0.49344
- noncash_event
- いいえ
- checks
Verify EBT purchase confirmations, execution dates, volume, price, number of employee-held shares, resulting old-holder market sale assumptions, cash and eligible own funds.
- 8
内容を開く
- event_id
crisis-2028-03
- fiscal_year
- 2028
- event_type
noncash_ebt_shares_vested_to_staff
- date_status
unconfirmed_assumed
- date_fields
- award_vesting_and_share_delivery_date_assumed
2028-08-15
- first_revalidation_date_assumed
2028-08-15
- revalidation_due_dates_assumed
- 1
2028-08-15
- on_earlier_announcement
revalidate_immediately
- on_actual_execution
reconcile_price_shares_cash_equity_solvency_holder_economics
- old_holder_cashflow_expected_oku
- 0
- company_cash_change_oku
- 0
- noncash_event
- はい
- checks
Verify vest/settlement date, actual allocated shares, EBT transfer versus new issuance, trust holdings, eligible dividend shares and old-holder ownership; do NOT create a cash flow from SBC alone.
- 9
内容を開く
- event_id
crisis-2029-01
- fiscal_year
- 2029
- event_type
employee_trust_open_market_purchase
- date_status
unconfirmed_assumed
- date_fields
- trust_purchase_execution_date_assumed
2029-06-15
- first_revalidation_date_assumed
2029-06-15
- revalidation_due_dates_assumed
- 1
2029-06-15
- on_earlier_announcement
revalidate_immediately
- on_actual_execution
reconcile_price_shares_cash_equity_solvency_holder_economics
- old_holder_cashflow_expected_oku
- 0.493904863
- company_cash_change_oku
- 0.50725632
- noncash_event
- いいえ
- checks
Verify EBT purchase confirmations, execution dates, volume, price, number of employee-held shares, resulting old-holder market sale assumptions, cash and eligible own funds.
- 10
内容を開く
- event_id
crisis-2029-02
- fiscal_year
- 2029
- event_type
noncash_ebt_shares_vested_to_staff
- date_status
unconfirmed_assumed
- date_fields
- award_vesting_and_share_delivery_date_assumed
2029-08-15
- first_revalidation_date_assumed
2029-08-15
- revalidation_due_dates_assumed
- 1
2029-08-15
- on_earlier_announcement
revalidate_immediately
- on_actual_execution
reconcile_price_shares_cash_equity_solvency_holder_economics
- old_holder_cashflow_expected_oku
- 0
- company_cash_change_oku
- 0
- noncash_event
- はい
- checks
Verify vest/settlement date, actual allocated shares, EBT transfer versus new issuance, trust holdings, eligible dividend shares and old-holder ownership; do NOT create a cash flow from SBC alone.
- 11
内容を開く
- event_id
crisis-2029-03
- fiscal_year
- 2029
- event_type
external_equity_financing_not_holder_cash
- date_status
unconfirmed_assumed
- date_fields
- external_share_issue_date_assumed
2029-09-17
- first_revalidation_date_assumed
2029-09-17
- revalidation_due_dates_assumed
- 1
2029-09-17
- on_earlier_announcement
revalidate_immediately
- on_actual_execution
reconcile_price_shares_cash_equity_solvency_holder_economics
- old_holder_cashflow_expected_oku
- 0
- company_cash_change_oku
- -1.536198611
- noncash_event
- いいえ
- checks
Verify paid-in proceeds, actual issue date/price/count, dilution of existing holders and impact on parent capital and solvency; do not treat new investor payment as old-holder cash.
- 12
内容を開く
- event_id
crisis-2030-01
- fiscal_year
- 2030
- event_type
employee_trust_open_market_purchase
- date_status
unconfirmed_assumed
- date_fields
- trust_purchase_execution_date_assumed
2030-06-17
- first_revalidation_date_assumed
2030-06-17
- revalidation_due_dates_assumed
- 1
2030-06-17
- on_earlier_announcement
revalidate_immediately
- on_actual_execution
reconcile_price_shares_cash_equity_solvency_holder_economics
- old_holder_cashflow_expected_oku
- 0.495463257
- company_cash_change_oku
- 0.521459497
- noncash_event
- いいえ
- checks
Verify EBT purchase confirmations, execution dates, volume, price, number of employee-held shares, resulting old-holder market sale assumptions, cash and eligible own funds.
- 13
内容を開く
- event_id
crisis-2030-02
- fiscal_year
- 2030
- event_type
noncash_ebt_shares_vested_to_staff
- date_status
unconfirmed_assumed
- date_fields
- award_vesting_and_share_delivery_date_assumed
2030-08-15
- first_revalidation_date_assumed
2030-08-15
- revalidation_due_dates_assumed
- 1
2030-08-15
- on_earlier_announcement
revalidate_immediately
- on_actual_execution
reconcile_price_shares_cash_equity_solvency_holder_economics
- old_holder_cashflow_expected_oku
- 0
- company_cash_change_oku
- 0
- noncash_event
- はい
- checks
Verify vest/settlement date, actual allocated shares, EBT transfer versus new issuance, trust holdings, eligible dividend shares and old-holder ownership; do NOT create a cash flow from SBC alone.
- 14
内容を開く
- event_id
crisis-2030-03
- fiscal_year
- 2030
- event_type
external_equity_financing_not_holder_cash
- date_status
unconfirmed_assumed
- date_fields
- external_share_issue_date_assumed
2030-09-16
- first_revalidation_date_assumed
2030-09-16
- revalidation_due_dates_assumed
- 1
2030-09-16
- on_earlier_announcement
revalidate_immediately
- on_actual_execution
reconcile_price_shares_cash_equity_solvency_holder_economics
- old_holder_cashflow_expected_oku
- 0
- company_cash_change_oku
- -2.053512968
- noncash_event
- いいえ
- checks
Verify paid-in proceeds, actual issue date/price/count, dilution of existing holders and impact on parent capital and solvency; do not treat new investor payment as old-holder cash.
- 15
内容を開く
- event_id
crisis-2031-01
- fiscal_year
- 2031
- event_type
employee_trust_open_market_purchase
- date_status
unconfirmed_assumed
- date_fields
- trust_purchase_execution_date_assumed
2031-06-16
- first_revalidation_date_assumed
2031-06-16
- revalidation_due_dates_assumed
- 1
2031-06-16
- on_earlier_announcement
revalidate_immediately
- on_actual_execution
reconcile_price_shares_cash_equity_solvency_holder_economics
- old_holder_cashflow_expected_oku
- 0.493422205
- company_cash_change_oku
- 0.536060363
- noncash_event
- いいえ
- checks
Verify EBT purchase confirmations, execution dates, volume, price, number of employee-held shares, resulting old-holder market sale assumptions, cash and eligible own funds.
- 16
内容を開く
- event_id
crisis-2031-02
- fiscal_year
- 2031
- event_type
noncash_ebt_shares_vested_to_staff
- date_status
unconfirmed_assumed
- date_fields
- award_vesting_and_share_delivery_date_assumed
2031-08-15
- first_revalidation_date_assumed
2031-08-15
- revalidation_due_dates_assumed
- 1
2031-08-15
- on_earlier_announcement
revalidate_immediately
- on_actual_execution
reconcile_price_shares_cash_equity_solvency_holder_economics
- old_holder_cashflow_expected_oku
- 0
- company_cash_change_oku
- 0
- noncash_event
- はい
- checks
Verify vest/settlement date, actual allocated shares, EBT transfer versus new issuance, trust holdings, eligible dividend shares and old-holder ownership; do NOT create a cash flow from SBC alone.
- 17
内容を開く
- event_id
crisis-2031-03
- fiscal_year
- 2031
- event_type
external_equity_financing_not_holder_cash
- date_status
unconfirmed_assumed
- date_fields
- external_share_issue_date_assumed
2031-09-15
- first_revalidation_date_assumed
2031-09-15
- revalidation_due_dates_assumed
- 1
2031-09-15
- on_earlier_announcement
revalidate_immediately
- on_actual_execution
reconcile_price_shares_cash_equity_solvency_holder_economics
- old_holder_cashflow_expected_oku
- 0
- company_cash_change_oku
- -1.729793411
- noncash_event
- いいえ
- checks
Verify paid-in proceeds, actual issue date/price/count, dilution of existing holders and impact on parent capital and solvency; do not treat new investor payment as old-holder cash.
- 18
内容を開く
- event_id
crisis-2032-01
- fiscal_year
- 2032
- event_type
employee_trust_open_market_purchase
- date_status
unconfirmed_assumed
- date_fields
- trust_purchase_execution_date_assumed
2032-06-15
- first_revalidation_date_assumed
2032-06-15
- revalidation_due_dates_assumed
- 1
2032-06-15
- on_earlier_announcement
revalidate_immediately
- on_actual_execution
reconcile_price_shares_cash_equity_solvency_holder_economics
- old_holder_cashflow_expected_oku
- 0.49311819
- company_cash_change_oku
- 0.551070053
- noncash_event
- いいえ
- checks
Verify EBT purchase confirmations, execution dates, volume, price, number of employee-held shares, resulting old-holder market sale assumptions, cash and eligible own funds.
- 19
内容を開く
- event_id
crisis-2032-02
- fiscal_year
- 2032
- event_type
noncash_ebt_shares_vested_to_staff
- date_status
unconfirmed_assumed
- date_fields
- award_vesting_and_share_delivery_date_assumed
2032-08-16
- first_revalidation_date_assumed
2032-08-16
- revalidation_due_dates_assumed
- 1
2032-08-16
- on_earlier_announcement
revalidate_immediately
- on_actual_execution
reconcile_price_shares_cash_equity_solvency_holder_economics
- old_holder_cashflow_expected_oku
- 0
- company_cash_change_oku
- 0
- noncash_event
- はい
- checks
Verify vest/settlement date, actual allocated shares, EBT transfer versus new issuance, trust holdings, eligible dividend shares and old-holder ownership; do NOT create a cash flow from SBC alone.
- 20
内容を開く
- event_id
crisis-2032-03
- fiscal_year
- 2032
- event_type
external_equity_financing_not_holder_cash
- date_status
unconfirmed_assumed
- date_fields
- external_share_issue_date_assumed
2032-09-15
- first_revalidation_date_assumed
2032-09-15
- revalidation_due_dates_assumed
- 1
2032-09-15
- on_earlier_announcement
revalidate_immediately
- on_actual_execution
reconcile_price_shares_cash_equity_solvency_holder_economics
- old_holder_cashflow_expected_oku
- 0
- company_cash_change_oku
- -1.380250609
- noncash_event
- いいえ
- checks
Verify paid-in proceeds, actual issue date/price/count, dilution of existing holders and impact on parent capital and solvency; do not treat new investor payment as old-holder cash.
- 21
内容を開く
- event_id
crisis-2033-01
- fiscal_year
- 2033
- event_type
employee_trust_open_market_purchase
- date_status
unconfirmed_assumed
- date_fields
- trust_purchase_execution_date_assumed
2033-06-15
- first_revalidation_date_assumed
2033-06-15
- revalidation_due_dates_assumed
- 1
2033-06-15
- on_earlier_announcement
revalidate_immediately
- on_actual_execution
reconcile_price_shares_cash_equity_solvency_holder_economics
- old_holder_cashflow_expected_oku
- 0.494799926
- company_cash_change_oku
- 0.566500015
- noncash_event
- いいえ
- checks
Verify EBT purchase confirmations, execution dates, volume, price, number of employee-held shares, resulting old-holder market sale assumptions, cash and eligible own funds.
- 22
内容を開く
- event_id
crisis-2033-02
- fiscal_year
- 2033
- event_type
noncash_ebt_shares_vested_to_staff
- date_status
unconfirmed_assumed
- date_fields
- award_vesting_and_share_delivery_date_assumed
2033-08-15
- first_revalidation_date_assumed
2033-08-15
- revalidation_due_dates_assumed
- 1
2033-08-15
- on_earlier_announcement
revalidate_immediately
- on_actual_execution
reconcile_price_shares_cash_equity_solvency_holder_economics
- old_holder_cashflow_expected_oku
- 0
- company_cash_change_oku
- 0
- noncash_event
- はい
- checks
Verify vest/settlement date, actual allocated shares, EBT transfer versus new issuance, trust holdings, eligible dividend shares and old-holder ownership; do NOT create a cash flow from SBC alone.
- 23
内容を開く
- event_id
crisis-2033-03
- fiscal_year
- 2033
- event_type
external_equity_financing_not_holder_cash
- date_status
unconfirmed_assumed
- date_fields
- external_share_issue_date_assumed
2033-09-15
- first_revalidation_date_assumed
2033-09-15
- revalidation_due_dates_assumed
- 1
2033-09-15
- on_earlier_announcement
revalidate_immediately
- on_actual_execution
reconcile_price_shares_cash_equity_solvency_holder_economics
- old_holder_cashflow_expected_oku
- 0
- company_cash_change_oku
- -1.253214419
- noncash_event
- いいえ
- checks
Verify paid-in proceeds, actual issue date/price/count, dilution of existing holders and impact on parent capital and solvency; do not treat new investor payment as old-holder cash.
- 24
内容を開く
- event_id
crisis-2034-01
- fiscal_year
- 2034
- event_type
employee_trust_open_market_purchase
- date_status
unconfirmed_assumed
- date_fields
- trust_purchase_execution_date_assumed
2034-06-15
- first_revalidation_date_assumed
2034-06-15
- revalidation_due_dates_assumed
- 1
2034-06-15
- on_earlier_announcement
revalidate_immediately
- on_actual_execution
reconcile_price_shares_cash_equity_solvency_holder_economics
- old_holder_cashflow_expected_oku
- 0.497028241
- company_cash_change_oku
- 0.582362015
- noncash_event
- いいえ
- checks
Verify EBT purchase confirmations, execution dates, volume, price, number of employee-held shares, resulting old-holder market sale assumptions, cash and eligible own funds.
- 25
内容を開く
- event_id
crisis-2034-02
- fiscal_year
- 2034
- event_type
noncash_ebt_shares_vested_to_staff
- date_status
unconfirmed_assumed
- date_fields
- award_vesting_and_share_delivery_date_assumed
2034-08-15
- first_revalidation_date_assumed
2034-08-15
- revalidation_due_dates_assumed
- 1
2034-08-15
- on_earlier_announcement
revalidate_immediately
- on_actual_execution
reconcile_price_shares_cash_equity_solvency_holder_economics
- old_holder_cashflow_expected_oku
- 0
- company_cash_change_oku
- 0
- noncash_event
- はい
- checks
Verify vest/settlement date, actual allocated shares, EBT transfer versus new issuance, trust holdings, eligible dividend shares and old-holder ownership; do NOT create a cash flow from SBC alone.
- 26
内容を開く
- event_id
crisis-2034-03
- fiscal_year
- 2034
- event_type
external_equity_financing_not_holder_cash
- date_status
unconfirmed_assumed
- date_fields
- external_share_issue_date_assumed
2034-09-15
- first_revalidation_date_assumed
2034-09-15
- revalidation_due_dates_assumed
- 1
2034-09-15
- on_earlier_announcement
revalidate_immediately
- on_actual_execution
reconcile_price_shares_cash_equity_solvency_holder_economics
- old_holder_cashflow_expected_oku
- 0
- company_cash_change_oku
- -1.406140441
- noncash_event
- いいえ
- checks
Verify paid-in proceeds, actual issue date/price/count, dilution of existing holders and impact on parent capital and solvency; do not treat new investor payment as old-holder cash.
- 27
内容を開く
- event_id
crisis-2035-01
- fiscal_year
- 2035
- event_type
employee_trust_open_market_purchase
- date_status
unconfirmed_assumed
- date_fields
- trust_purchase_execution_date_assumed
2035-06-15
- first_revalidation_date_assumed
2035-06-15
- revalidation_due_dates_assumed
- 1
2035-06-15
- on_earlier_announcement
revalidate_immediately
- on_actual_execution
reconcile_price_shares_cash_equity_solvency_holder_economics
- old_holder_cashflow_expected_oku
- 0.49778636
- company_cash_change_oku
- 0.598668151
- noncash_event
- いいえ
- checks
Verify EBT purchase confirmations, execution dates, volume, price, number of employee-held shares, resulting old-holder market sale assumptions, cash and eligible own funds.
- 28
内容を開く
- event_id
crisis-2035-02
- fiscal_year
- 2035
- event_type
noncash_ebt_shares_vested_to_staff
- date_status
unconfirmed_assumed
- date_fields
- award_vesting_and_share_delivery_date_assumed
2035-08-15
- first_revalidation_date_assumed
2035-08-15
- revalidation_due_dates_assumed
- 1
2035-08-15
- on_earlier_announcement
revalidate_immediately
- on_actual_execution
reconcile_price_shares_cash_equity_solvency_holder_economics
- old_holder_cashflow_expected_oku
- 0
- company_cash_change_oku
- 0
- noncash_event
- はい
- checks
Verify vest/settlement date, actual allocated shares, EBT transfer versus new issuance, trust holdings, eligible dividend shares and old-holder ownership; do NOT create a cash flow from SBC alone.
- 29
内容を開く
- event_id
crisis-2035-03
- fiscal_year
- 2035
- event_type
external_equity_financing_not_holder_cash
- date_status
unconfirmed_assumed
- date_fields
- external_share_issue_date_assumed
2035-09-17
- first_revalidation_date_assumed
2035-09-17
- revalidation_due_dates_assumed
- 1
2035-09-17
- on_earlier_announcement
revalidate_immediately
- on_actual_execution
reconcile_price_shares_cash_equity_solvency_holder_economics
- old_holder_cashflow_expected_oku
- 0
- company_cash_change_oku
- -1.650691582
- noncash_event
- いいえ
- checks
Verify paid-in proceeds, actual issue date/price/count, dilution of existing holders and impact on parent capital and solvency; do not treat new investor payment as old-holder cash.
- 30
内容を開く
- event_id
crisis-2036-01
- fiscal_year
- 2036
- event_type
employee_trust_open_market_purchase
- date_status
unconfirmed_assumed
- date_fields
- trust_purchase_execution_date_assumed
2036-06-16
- first_revalidation_date_assumed
2036-06-16
- revalidation_due_dates_assumed
- 1
2036-06-16
- on_earlier_announcement
revalidate_immediately
- on_actual_execution
reconcile_price_shares_cash_equity_solvency_holder_economics
- old_holder_cashflow_expected_oku
- 0.496306335
- company_cash_change_oku
- 0.61543086
- noncash_event
- いいえ
- checks
Verify EBT purchase confirmations, execution dates, volume, price, number of employee-held shares, resulting old-holder market sale assumptions, cash and eligible own funds.
- 31
内容を開く
- event_id
crisis-2036-02
- fiscal_year
- 2036
- event_type
noncash_ebt_shares_vested_to_staff
- date_status
unconfirmed_assumed
- date_fields
- award_vesting_and_share_delivery_date_assumed
2036-08-15
- first_revalidation_date_assumed
2036-08-15
- revalidation_due_dates_assumed
- 1
2036-08-15
- on_earlier_announcement
revalidate_immediately
- on_actual_execution
reconcile_price_shares_cash_equity_solvency_holder_economics
- old_holder_cashflow_expected_oku
- 0
- company_cash_change_oku
- 0
- noncash_event
- はい
- checks
Verify vest/settlement date, actual allocated shares, EBT transfer versus new issuance, trust holdings, eligible dividend shares and old-holder ownership; do NOT create a cash flow from SBC alone.
- 32
内容を開く
- event_id
crisis-2036-03
- fiscal_year
- 2036
- event_type
external_equity_financing_not_holder_cash
- date_status
unconfirmed_assumed
- date_fields
- external_share_issue_date_assumed
2036-09-15
- first_revalidation_date_assumed
2036-09-15
- revalidation_due_dates_assumed
- 1
2036-09-15
- on_earlier_announcement
revalidate_immediately
- on_actual_execution
reconcile_price_shares_cash_equity_solvency_holder_economics
- old_holder_cashflow_expected_oku
- 0
- company_cash_change_oku
- -1.965272158
- noncash_event
- いいえ
- checks
Verify paid-in proceeds, actual issue date/price/count, dilution of existing holders and impact on parent capital and solvency; do not treat new investor payment as old-holder cash.
- future_event_revalidation_schedule_count
- 32
- operating_profit_display_2036
内容を開く
- year
- 2036
- metric
IFRS_consolidated_Operating_profit_issuer_presentation_analogue
- display_label_ja
2036年予測営業利益（IFRS連結損益計算書準拠・会社予想ではない）
- 状態
ANALYST_FORECAST_UNCONFIRMED
- full_fiscal_year_start_date
2036-01-01
- full_fiscal_year_end_date
2036-12-31
- full_FY2036_operating_profit_oku
- -2.391363522
- full_FY2036_PBT_continuing_oku
- -2.688343138
- full_FY2036_net_finance_costs_oku
- -0.296979614
- full_FY2036_operating_profit_bridge_oku
内容を開く
- ifrs17_insurance_revenue
- 40.249588846
- insurance_service_expenses_including_sbc
- -37.703838855
- net_reinsurance_service_result
- -3.526898099
- insurance_service_result
- -0.981148108
- investment_return
- 1.675040563
- net_insurance_finance_result
- -1.020767863
- net_insurance_and_investment_result
- -0.326875408
- financial_services_interest_income
- 1.949221159
- financial_services_interest_expense
- -1.176788397
- net_financial_services_interest
- 0.772432762
- other_revenue_and_profit_commission
- 1.667887488
- other_operating_expenses_including_sbc
- -3.495118337
- other_operating_expenses_recovered_from_co_insurers
- 1.082022602
- expected_credit_losses_and_writeoffs
- -1.683712629
- other_operating_before_model_adjustment
- -2.428920876
- unallocated_model_operating_adjustment_not_issuer_disclosure
- -0.408
- total_other_operating_income_and_expenses_after_adjustment
- -2.836920876
- operating_profit
- -2.391363522
- net_finance_costs_below_operating_profit
- -0.296979614
- PBT_continuing_group_proxy
- -2.688343138
- reconciliation_error_oku
- 2.0E-9
- SBC_annual_expense_already_included_in_op_costs
- 1.188022079
- categorisation_note
Additional normalisation is assigned to other operating expenses for the purpose of matching original PBT. It is not a reported future statutory line.
- cutoff_2036_11_06_operating_profit_accrued_oku
- -2.032005616
- cutoff_2036_11_06_net_finance_costs_accrued_oku
- -0.25235153
- cutoff_2036_11_06_PBT_accrued_oku
- -2.284357147
- reconciliation_abs_error_FY_oku
- 2.0E-9
- independent_of_valuation_terminal_PE_PBR_reversion
- はい
- terminal_sbc_share_neutral_continuation
内容を開く
- 状態
analyst_assumption_not_issuer_guidance
- terminal_stock_and_parent_equity_date
2036-11-06
- FY2036_projected_employee_transactions
内容を開く
- year
- 2036
- 状態
all modeled 2036 EBT purchases and share deliveries occurred by the 2036-11-06 horizon; no 2036-11-07 to Dec31 employee share event assumed
- FY2036_SBC_pnl_expense_after_tax_profit_has_impact_oku
- 1.188022079
- FY2036_SBC_equity_credit_full_year_forecast_oku
- 1.188022079
- FY2036_SBC_equity_credit_recognized_by_horizon_oku
- 1.009494171
- FY2036_stock_awards_delivered_shares
- 1781330.8741455
- FY2036_employee_trust_open_market_purchase_shares
- 2754398.851651
- FY2036_employee_trust_cash_purchase_oku
- 0.61543086
- 2036_employee_trust_execution_price_gbp_per_share_assumed
- 22.343563613
- 2036_award_equivalent_cash_for_share_number_neutrality_oku
- 0.39801279702271
- 2036_incremental_cash_vs_executed_ebt_to_match_deliveries_oku
- -0.21741806297729
- 2036_share_inventory_delta_purchases_minus_deliveries
- 973067.97750544
- trust_shares_start_2036
- 4849030.373
- trust_shares_at_2036_11_06
- 5822098.351
- trust_end_reconciliation_error_shares
- -0.00049456395208836
- FY2036_company_total_share_issuance_delta
- 11276534.635728
- year_2036_current_buyback_dividends_EBT_already_in_parent_book_equity
- はい
- non_cash_ebt_awards_are_not_company_cashflow_or_original_cohort_cashflow
- はい
- market_purchase_event_assumed_date
2036-06-16
- share_delivery_event_assumed_date
2036-08-15
- future_date_status
forecast_only_not_announced
- FY2037_first_full_forward_year
内容を開く
- forecast_period_start
2036-11-07
- forecast_period_end
2037-11-06
- FY2037_calendar_earnings_used_as_next_12_month_proxy_not_exact_stub
The underlying model reports FY2037 calendar P&L and normalizes it as a proxy for the 12 months from 2036-11-07; this is a projection approximation, not exact calendar-year or IFRS17 partial-period accrual.
- original_FY2037_IFRS_parent_profit_after_expensed_SBC_oku
- -3.167685267
- normalized_FY2037_IFRS_parent_profit_after_expensed_SBC_oku
- -2.090672276
- normalized_multiplier
- 0.66
- SBC_2037_pnl_already_expensed_in_parent_earnings_oku
- 1.22366274137
- SBC_2037_equity_capital_credit_oku
- 1.22366274137
- deferred_tax_on_share_scheme_credit_forecast_oku
- 0
- assumed_2037_stock_awards_delivered_shares
- 1802706.8446353
- assumed_2037_employee_trust_purchased_shares
- 未確認
- first_year_share_number_neutral
No: zero-value crisis outcome cannot fund market purchases
- outside_dividend_eligible_shares_before
- 365793880.986
- outside_dividend_eligible_shares_after
- 未確認
- existing_trust_inventory_assumed_stabilized_at_horizon_shares
- 5822098.351
- original_old_cohort_shares_before
- 284459442.277
- old_cohort_pro_rata_shares_sold_into_trust_2037
- 未確認
- original_old_cohort_shares_after
- 未確認
- company_fundamental_equity_value_start_oku
- 0
- 2037_end_post_distribution_equity_value_oku
- 未確認
- share_market_price_for_2037_purchase_gbp_analyst_fundamental
- 未確認
- cash_required_to_fund_2037_awards_at_post_distribution_intrinsic_price_oku
- 未確認
- normalized_net_income_plus_non_cash_credit_oku
- -0.86700953463
- normalized_cash_available_after_share_scheme_replenishment_before_growth_oku
- 未確認
- required_parent_book_equity_growth_oku
- 0.07729733399
- sustainable_regular_and_surplus_distributions_oku
- 0
- sustainable_payout_shortfall_oku
- 0.94430686862
- illustrative_regular_dividend_at_65pct_normalized_profit_oku
- 0
- illustrative_discretionary_dividend_or_cancelled_buyback_oku
- 0
- parent_book_end_clean_surplus_oku
- 未確認
- parent_book_end_required_at_perpetual_g_oku
- 15.53676413199
- capital_adequacy_note
Projected FY2037 payout is a stylized sustainable equity payout, not a regulator-approved payout or announced dividend; requires continuing matching eligible own funds and SCR buffers.
- fundamental_model_cash_and_award_event_timing_assumption
2037-11-06 forward-year-end equivalent for fixed-point pricing. This replaces the earlier 2027-2036 June/Aug schedule only for post-horizon steady state; actual grant and execution dates could differ.
- unconfirmed_market_purchase_date_illustrative
2037-11-06
- unconfirmed_share_award_delivery_date_illustrative
2037-11-06
- illustrative_events_after_10yr_horizon_not_holder_timed_cashflows
- はい
- clean_surplus_valuation_bridge
内容を開く
- 日付
2036-11-06
- book_parent_equity_start_oku
- 15.459466798
- normalized_IFRS_profit_after_SBC_oku
- -2.090672276
- SBC_equity_credit_non_cash_oku
- 1.22366274137
- market_purchase_trust_cash_outflow_oku
- 未確認
- equity_available_before_dividend_and_reinvestment_oku
- 未確認
- annual_parent_book_growth_rate_g
- 0.005
- retained_book_growth_required_oku
- 0.07729733399
- sustainable_cash_payout_to_outside_shareholders_excluding_EBT_sales_oku
- 未確認
- book_equity_end_after_payout_and_EBT_oku
- 未確認
- residual_income_after_trust_capital_credit_adjustment_oku
- -2.25836154645
- perpetual_gordon_residual_income_oku
- -26.56895937
- book_plus_residual_income_after_zero_floor_oku
- 0
- fixed_point_denominator
- 0.089952844957316
- fixed_point_numerator_oku
- -0.94430686862
- terminal_group_value_oku
- 0
- old_holder_fraction_at_2036_11_06
- 0.77764953724824
- terminal_old_holder_value_oku
- 0
- formula_if_positive
V=E+(NI_after_SBC+credit-B-k*E)/(k-g) ; B=awards_2037*(1+g)*V*1e8/X/1e8 ; therefore V=(NI_after_SBC+credit-g*E)/(k-g+(awards/X)*(1+g)) ; D=NI_after_SBC+credit-B-g*E
- IFRS_equity_bridge_formula
E_2037=E_2036+PAT_after_SBC+noncash_SBC_equity_credit+tax_credit_0 -cash_EBT -cash_dividend_and_company_buyback
- non_recurring_2036_purchases_not_deducted_again_in_terminal
- はい
- no_non_cash_SBC_in_timed_holder_cashflows
- はい
- terminal_continuation_not_treating_SBC_equity_credit_as_free_owner_cash
- はい
- oldholder_first_forward_year_pro_rata_equivalence_check
内容を開く
- oldholder_terminal_entry_value_oku
- 0
- oldholder_2037_dividend_and_regular_buyback_cash_ex_EBT_oku
- 未確認
- oldholder_2037_ebt_sale_cash_oku
- 未確認
- oldholder_2037_remaining_shares
- 未確認
- oldholder_2037_remaining_equity_value_oku
- 未確認
- sum_2037_oldholder_cashes_plus_remaining_equity_oku
- 未確認
- required_2037_oldholder_expected_wealth_at_k_oku
- 未確認
- single_year_return_matches_discount_rate
- 未確認
- no_market_purchase_counterfactual_issue_new_2037_award_shares
- 未確認
- no_market_purchase_counterfactual_parent_equity_after_2037_oku
- 未確認
- no_market_purchase_counterfactual_group_equity_value_oku
- 未確認
- no_market_purchase_counterfactual_outside_share_count
- 未確認
- no_market_purchase_counterfactual_oldholder_end_equity_value_oku
- 未確認
- counterfactual_equivalence_error_oku
- 未確認
- 注記
Funded EBT purchase plus proportional holder sale and an economically equivalent new employee share issue yield the same old holder wealth at the same share intrinsic price. These are alternative accounting paths; DO NOT both subtract funding cost and apply new issuance dilution.
- price_and_scheme_cost_sensitivity
内容を開く
- 2036_assumed_trading_price_gbp
- 22.343563613
- 2037_extrapolated_2036_market_price_gbp
- 21.114667614285
- 2037_extrapolated_market_price_cash_neutral_oku
- 0.3806355583047
- terminal_cohort_value_if_2037_market_execution_price_extrapolated_oku
- 0
- caveat_market_price_extrapolation
Not self-consistent intrinsic-price funding: extra sensitivity only, not terminal base case
- sensitivity_cash_price_multiplier_intrinsic_base
- below_20pct
- 0
- base
- 0
- above_20pct
- 0
- interpretation
Lower funding transaction price reduces EBT capital consumption, higher price increases it; intrinsic-model base uses fair value, not current market P/E or P/B.
- unconfirmed_information
内容を開く
- 1
Employee trust share counts and future vestings are forecasts
- 2
2037+ SBC equity credit and whether deferred tax credits recur are assumptions
- 3
post-2036 expected retained share capital and Solvency II requirements may differ
- 4
2037 EBT price is solved from discounted business value, not a traded market price
- 5
future LTIP performance conditions may lead to delivery variance
- 売上高
- 43.866697492
- 営業利益
- -2.391363522
- 純利益
- -2.686343138
- equity_oku
- 15.459466798
- 期間内の親会社利益合計（億）
- -16.557848852
- multiple
- kind
residual_income
- why
普通株資本、SBC資本組入れと従業員信託の継続買付を整合させた残余利益法による終価。
- detail
内容を開く
- 方法
SBC_clean_surplus_residual_income_endogenous_fair_value_share_neutral_v3
- 終価の基準日
2036-11-06
- forecast_2037_annual_parent_profit_after_sbc_oku
- -3.167685267
- sustainability_haircut_multiplier
- 0.66
- normalized_next_12m_profit_oku
- -2.090672276
- parent_book_equity_terminal_oku
- 15.459466798
- required_return
- 0.09
- perpetual_reinvestment_supported_growth
- 0.005
- residual_income_oku
- -2.25836154645
- group_fundamental_equity_value_oku
- 0
- old_cohort_remaining_fraction
- 0.777649537
- cohort_terminal_value_oku
- 0
- method_notes
Correction: the original RI applied IFRS parent NI after SBC but omitted the recurring IAS32-equity recredit and funded market EBT acquisitions. The FY2037 equity bridge is E1=E0+normalized NI after expensed SBC+SBC capital credit -market employee trust cash purchases -sustainable dividends/corporate repurchases. At stable outside shares, bought shares equal grants; cash funding B=A*V1/X at fundamental post-year-end price; group intrinsic V=(NI+C-g*E)/(k-g+(A/X)*(1+g)). This is exactly E+(NI+C-B-k*E)/(k-g). The valuation for the original outside cohort is group intrinsic V * original remaining outside fraction, assuming all next-year EBT sales are pro rata at fair value and both sale cash and fewer remaining shares are respected. Beyond 2036 cash from employee trust sales is NOT added again to the terminal value. 2036 actual modeled EBT buys have already reduced book equity and shareholder shares, so not charged again. No market P/E or P/B multiple is used, no insurance investment asset double-counted. Zero-floor case is capital-stress/downside, not a financed going concern.
- normalized_next_12m_distributable_earnings_after_market_EBT_funding_oku
- -0.86700953463
- sustainable_2037_distributable_cash_excluding_trust_purchases_oku
- 0
- 2037_required_purchase_funding_oku
- 未確認
- 2037_purchase_price_fundamental_gbp_assumed
- 未確認
- 2037_share_scheme_equity_credit_oku
- 1.22366274137
- 2037_share_scheme_pnl_expense_oku
- 1.22366274137
- 2037_award_shares_assumed
- 1802706.8446353
- terminal_book_growth_required_oku
- 0.07729733399
- terminal_2037_nominal_COE_oku
- 1.39135201182
- pre_v3_uncorrected_terminal_company_equity_value_oku
- 0
- pre_v3_uncorrected_terminal_old_holder_value_oku
- 0
金額の単位
oku_GBP
未確認事項
- 1
2026-11-06 official exchange auction close not independently retrieved, independently archived close used
- 2
2026-11-06 EBT exact outstanding shares not publicly verified; initial assumed 3.3m, sensitivity provided
- 3
Nov4 repurchase announcement says following cancellation share count, not primary confirmation of 11/06 legal-effective cancellation
- 4
No 2026 Q3 IFRS balance released, equity and regulatory own funds are date-mismatched proxy
- 5
2026 H2 and later IFRS profit/claims cost and business volume and future special dividends are scenario assumptions
- 6
Forecast share-based employee awards and EBT purchases are modeled, actual employee vesting and future trustees unknown
- 7
Forecast SCR and ownfunds are simplified sensitivities, not a regulatory actuarial model
- 8
Equity methods ignore further OCI/deferred tax FX and loss-carryforward details, and no future acquisition or hybrid debt refinancing is explicitly forecast
- 9
No exchange rates applied: all GBP; European euro operations assumed translated into reported GBP and implicitly captured in scenario growth
- 10
Future ex dates and corporate action dates are scenario assumptions only. Actual RNS announcements or execution need immediate revalidation of financials and old cohort ownership; assumed dates have no confirmation status.
- 11
2036 forecast operating profit is not issuer-reported IFRS: issuer H1 classification is mirrored; -0.408 oku GBP annual scenario normalization is included within other operating expenses to preserve existing PBT reconciliation.
- 12
2037+ cash-neutral EBT replenishment assumes buy at end-of-period fair intrinsic share value rather than a traded forward price; actual price may differ markedly.
- 13
SBC equity credit is forecast to equal equity-settled SBC expenses; no future deferred tax equity credit modeled (2026 H1 realized £6.3m).
- 14
2037+ fixed stock award counts grow 1.2% annually and share-neutral EBT purchases are assumed sustainable; the company may change the scheme or funding mix.
- 15
Crisis terminal = 0 is a franchise going-concern stress value, not a documented asset-liquidation recovery. Negative distributable cash indicates inadequate capital, and share neutrality not financeable at any positive quoted price.
- 16
Regulatory capital including Solvency II eligible own funds does not mechanically equal IFRS equity and its projected ratio is only a sensitivity; 2037+ capital and dividend authorization uncertain.
分析基準とデータ
- 価格・単価
- 39.34
- 株価基準日
2026-11-06
- 株数
- 301798630
- 株価の出所
https://stockanalysis.com/quote/lon/ADM/history/
- 株数の出所
https://www.admiralgroup.co.uk/news-releases/news-release-details/transaction-own-shares-3
- detail
- 価格・単価
内容を開く
- 日付
2026-11-06
- close_pence
- 3934
- close_gbp
- 39.34
- currency
GBP
- source_url
https://stockanalysis.com/quote/lon/ADM/history/
- 状態
independent_secondary_market_data
- market_price_changes_no_predictive_input_to_terminal
- はい
- 株数
内容を開く
- published_shares_2026_06_30
- 306304676
- published_shares_2026_10_30
- 305254676
- cumulative_corporate_repurchase_shares_2026_09_30_to_2026_11_03
- 1206046
- share_count_post_cancellation_per_2026_11_04_release
- 305098630
- share_count_status
company_announced_post_cancellation_pro_forma; final effective date for cancellation not independently checked
- treasury_shares_2026_11_04
- 0
- ebt_unvested_shares_2026_06_30_exact
- 未確認
- ebt_non_dividend_eligible_share_count_2026_06_30_approx
- 3304676
- ebt_2026_11_06_assumed
- 3300000
- ebt_latest_precise_count_verified
- いいえ
- excluded_from_dividends
- はい
- outside_ebt_shares_2026_11_06_estimate
- 301798630
- old_holder_cohort_initial_shares
- 301798630
- old_holder_cohort_definition
11/6時点、従業員信託を除く外部普通株主全体。将来の会社買戻し・EBT市場取得へ比例売却。株式交付・第三者増資には参加しない。全株主群が受け取る現金と残存持分は同じ群。
- initial_old_cohort_mcap_oku
- 118.727581042
- calculation
(305098630-3300000)*39.34/1e8
- fully_diluted_future_2026_H1_weighted_shares
- 305604323
- fully_diluted_not_issued_or_trust_stock
将来権利確定予定の株式報酬約374万株相当は外部株数や既存EBT在庫と同じではない
- source_urls
- 1
https://www.admiralgroup.co.uk/news-releases/news-release-details/transaction-own-shares-3
- 2
https://admiralgroup.co.uk/share-capital
- 3
https://www.admiralgroup.co.uk/news-releases/news-release-details/half-year-financial-report
- sensitivity_ebt_stock_at_cutoff_unknown
- sensitivity_range_shares
- 1
- 2500000
- 2
- 4000000
- initial_outside_shares_range
- 1
- 301098630
- 2
- 302598630
- valuation_mcap_oku_range
- 1
- 118.452201042
- 2
- 119.042301042
追加データ・検証記録
分析ごとに収録された追加の前提、年度別データ、検証上の注意を確認できます。
分析に使用した資料
- Half-year financial report: six months to 30 June 2026
- Transaction in Own Shares: 4 November 2026
- Total Voting Rights as at 30 October 2026
- Admiral share capital page
- Full-year 2025 results
- LSE:ADM November 6 2026 daily price history
- Admiral Group plc Annual Report and Accounts 2025, remuneration report page 188, employee scheme funding model
- IAS 32 Financial Instruments: Presentation, own shares deducted from equity
- IFRS 2 Share-based Payment, equity-settled transactions