Admiral profit slides as boss eyes push into EV insuranceAdmiral's motor businessAdmiral suffered a drop in profit as the insurance giant was weighed down by lower earned premiums in its UK car business. In its motor division, Admiral reported a 27 per cent rise in its electric vehicle (EV) insurance book as well as increased demand for its free subscription service designed to help with the costs of EV ownership. Mondini said Admiral has been “very competitive for EVs” from a very early stage as EVs are “a great feature for the planet”. Despite headwinds in its UK motor group, its European business swung to a profit of £17.2m, up from a £0.6m loss last year. “There are also encouraging signs that Admiral is becoming more than a UK Motor story.