Admiral share price dives despite hitting forecasts

Shares in UK motor specialist Admiral fell more than 8 percent
in early trading this morning, despite the carrier reporting a 3.9
percent increase in its first-half group pre-tax profits to
£193.3mn ($250.3mn).
Admiral's share price tumbled by 8.71 percent to 2,056p
following the results.
While profits were in line with forecasts, Shore Capital analyst
Eamon Flanagan pointed to concerns around the company's
Solvency II capital ratio.
"We expect most attention to focus on the fall in
Admira