A summary of Henry Engelhardt's presentation at the Value Invest New York conference, with a focus on Admiral Group plc. The presentation was titled 'Fireside Chat and Audience Q&A hosted by Jonathan Mills from Metropolis Capital: "The UK's GEICO: Building a $3m Start-up into a $17bn Industry Leader using Human Capital"'.
Introduction
Henry Engelhardt, the founder and CEO emeritus of Admiral Group plc, led the company for around 15 years. Engelhardt's tenure from 1991 to 2016 saw the company's transformation into a market leader. Admiral, known as the largest private car insurer in the UK and Wales' only FTSE 100 company, has expanded its portfolio to include home insurance, loans, and other products.
Founding and Growth Strategy
Engelhardt's vision in 1991 was to...

