Admiral, the Cardiff-based group, announced on Friday that the shares of the company have increased by 4% in the first quarter. The company has posted an increment of 33% in the number of vehicles. The net profit was noted at £539million in the first quarter of 2011. The company has claimed that they have 10% of the share in the car insurance market.

Admiral, one of the biggest private employers at Wales, said that the sales of the group have been jumped by 56% in the same time period. The annual pre-tax profit of the company was increased by 21% to £321.8million. The group has employed almost 800 people in 2010, which has raised the staff of the group to 4,250.

The company has posted the profits of 47% to £1.58billion in the income, while the annual pre-tax was raised by 23% to £266million in 2010.

The group which also includes Elephant and Diamond said that the income of the company has increased by 56% to £539m year-on-year, in the first quarter. The reason of the increase in the income is expected to be the higher premiums and more customers.

Chief Executive of the FTSE 100 insurer, Henry Engelhardt, said, “Admiral’s UK car insurance business had another great quarter and has continued to benefit from positive market conditions”.