Insurer Admiral says lower claims to boost 2019 profit
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(Reuters) - British insurer Admiral said on Friday it expects 2019 pretax profit to rise 6%-13% from the prior year due to lower UK motor bodily injury claims.However, it says profitability in the current year is still affected by higher levels of claims inflation during 2019, which could lead to a higher loss ratio in 2019 than in recent years.The company said it expects to post a profit before tax for 2019 in the range of 510 million pounds to 540 million pounds.