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The UK’s GEICO: Building a $3m Start-up into a $17bn Industry : ValueNYC 2023 Conference

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Jacob Wolinsky
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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...

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Jacob Wolinsky is the ex-Founder of Valuewalk.com (founded 2011, sold 2023). He is founder of HedgeFundAlpha (formerly ValueWalk Premium), a hedge fund focused intelligence service for institutional investors. Prior to founding Valuewalk, Jacob worked as an equity analyst covering small caps, a micro-cap analyst, doing member development a large hedge fund community and freelance financial writing. Jacob lives with his wife and five kids in Passaic NJ. - Email: jacob(at)hedgefundalpha.com. For confidential inquires email me for my Signal id. Other methods of secure communication are also available. FD: I almost exclusively avoid the purchase of equities to avoid conflict of interest and any insider information. I only purchase broad-based ETFs and mutual funds. I will disclsoe if I have a stake in any company, but in general avoid