Admiral's H1 pretax profit up 4% despite Ogden rate hit
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LONDON (Reuters) - British insurer Admiral on Wednesday posted a 4% rise in first-half pretax profit helped by the release of money put aside for claims written in previous years.Admiral, one of Britain's largest motor insurers, reported a pretax profit of 220 million pounds ($265 million), up from 212 million a year earlier and topping the 197.1 million in a company-supplied poll of 13 analysts. Profit rose despite a change in the so-called 'Ogden Rate' which cost the company 33.3 million..