Admiral Group to Sell U.S. Auto Insurance Business to J.C. Flowers in 2025

Admiral Group plc has agreed to sell its U.S. auto insurance business, including Elephant Insurance Company and Elephant Insurance Services, to the global private investment firm J.C. Flowers & Co. The deal remains subject to regulatory approval and is expected to finalize in the fourth quarter of 2025. Elephant Insurance, based in Richmond, Virginia, specializes in offering straightforward and affordable car insurance products to U.S. consumers, using digital tools to tailor coverage to individual customer needs and budgets.