Sabre Insurance Group (SBRE)

Sector:

Insurance

Index:

FTSE 250

319.50p
   
  • Change Today:
    -8.50p
  • 52 Week High: 332.50
  • 52 Week Low: 253.50
  • Currency: UK Pounds
  • Shares Issued: 250.00m
  • Volume: 133,337
  • Market Cap: £798.75m
  • RiskGrade: 87

Sabre reiterates full-year guidance despite drop in gross premiums

By Iain Gilbert

Date: Tuesday 30 Jul 2019

LONDON (ShareCast) - (Sharecast News) - Motor insurance outfit Sabre saw gross premiums drop in the six months ended 30 June, but said it was still on track to meet its existing full-year guidance.
Gross premiums fell 6.99% to £101.2m, which was actually "slightly better than anticipated".

Sabre said it had continued to mitigate the impact of industry-wide claims inflation, which it stated was running at approximately 7-8%.

The FTSE 250-listed firm also saw pre-tax profits dip 6.15% to £30.5m despite new policies and renewals being written at its target margins, as the group continued to work on maintaining its strategy of prioritising underwriting profitability over volume.

Sabre proposed an interim dividend per share of 4.7p - a marked reduction on the 7.2p returned to shareholders a year earlier.

Chief executive Geoff Carter said he was pleased to have delivered interim results in line with expectations.

"The financial and operational performance of Sabre demonstrates the resilience of the business model and the merit in our strategy, despite the competitive market conditions.

"The market remains competitive with the dynamics observed in the earlier part of the year continuing through to the end of June."

As of 0940 BST, Sabre shares had dipped 2.70% to 270.50p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SBRE Market Data

Currency UK Pounds
Share Price 319.50p
Change Today -8.50p
% Change -2.59 %
52 Week High 332.50
52 Week Low 253.50
Volume 133,337
Shares Issued 250.00m
Market Cap £798.75m
RiskGrade 87

SBRE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
18.5% below the market average18.5% below the market average18.5% below the market average18.5% below the market average18.5% below the market average
16.67% below the sector average16.67% below the sector average16.67% below the sector average16.67% below the sector average16.67% below the sector average
Price Trend
59.69% above the market average59.69% above the market average59.69% above the market average59.69% above the market average59.69% above the market average
83.33% above the sector average83.33% above the sector average83.33% above the sector average83.33% above the sector average83.33% above the sector average
Income
71.40% above the market average71.40% above the market average71.40% above the market average71.40% above the market average71.40% above the market average
20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average
Growth
5.16% below the market average5.16% below the market average5.16% below the market average5.16% below the market average5.16% below the market average
16.67% below the sector average16.67% below the sector average16.67% below the sector average16.67% below the sector average16.67% below the sector average

SBRE Dividends

  Latest Previous
  Interim Final
Ex-Div 22-Aug-19 25-Apr-19
Paid 19-Sep-19 30-May-19
Amount 4.70p 6.80p

Trades for 21-Feb-2020

Time Volume / Share Price
16:35 82,563 @ 319.50p
16:29 61 @ 321.00p
16:29 123 @ 321.00p
16:29 79 @ 321.00p
16:29 1,215 @ 320.50p

SBRE Key Personnel

CEO Geoffrey Richard Carter

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