Admiral Group plc Announces Sale of U.S. Auto Insurance Business
Admiral Group plc has entered into an agreement to sell its U.S. auto insurance business, comprising Elephant Insurance Company and Elephant Insurance Services, to global private investment firm J.C. Flowers & Co. The transaction, subject to regulatory approval, is expected to be completed by the fourth quarter of 2025.
Headquartered in Richmond, Virginia, Elephant Insurance provides U.S. customers with straightforward and affordable car insurance solutions. The company’s tools enable customers to find the most suitable protection for their needs and budget.
While the financial terms of the deal remain undisclosed, the sale marks a significant development in Admiral Group’s business operations. The transaction is anticipated to close in the fourth quarter of 2025, pending regulatory approval.
