Admiral Group Sells US Auto Insurer Elephant to J.C. Flowers & Co

Admiral Group is divesting its US auto insurance operations, including Elephant Insurance Company, to private equity firm J.C. Flowers & Co. The deal is set to close by Q4 2025, subject to regulatory approval, and is valued near Elephant's net asset value. Elephant Insurance, headquartered in Richmond, Virginia, specializes in providing affordable car insurance solutions for US motorists.

This divestiture allows Admiral Group to concentrate on expanding its business footprint in the UK and Mainland Europe, focusing on long-term sustainable growth opportunities. J.C. Flowers & Co shares ambition with Elephant Insurance to foster growth and enhance value, ensuring the continuation of high-quality insurance products and services for the US market. The transaction is strategically positioned to benefit employees, shareholders, and customers alike.