Sabre Insurance Group (SBRE)

Sector:

Insurance

Index:

FTSE 250

254.00p
   
  • Change Today:
    -3.00p
  • 52 Week High: 332.50
  • 52 Week Low: 221.00
  • Currency: UK Pounds
  • Shares Issued: 250.00m
  • Volume: 369,984
  • Market Cap: £635.00m
  • RiskGrade: 162

Sabre Insurance trading in line, FY gross written premiums seen down 7%

By Michele Maatouk

Date: Thursday 10 Oct 2019

LONDON (ShareCast) - (Sharecast News) - Sabre Insurance said on Thursday that trading in the nine months to the end of September has been in line with its expectations and volumes have not been hit further by rising prices.
In an update for the nine-month period, the private motor insurance underwriter said gross written premiums fell to £152.9m from £162.6m in the same period a year ago. Sabre said it expects gross written premiums for the full year to be down around 7% compared to 2018, in line with its previous guidance.

The group said "strong organic capital generation supports the potential for an attractive full year dividend", with a solvency coverage ratio of 198% as at the end of September versus 195% last year, above its 140% to 160% target range.

Chief executive officer Geoff Carter said: "Throughout a period of significant change in the UK motor insurance sector, we have continued to apply our long-term strategy, to focus on underwriting profitability, with premium volume remaining an output rather than a target.

"Encouragingly, early signs of market premium increases or other competitor actions mean that while we have accelerated price increases to cover these emerging costs as well as ongoing inflation, our volumes are not being further negatively impacted.

"We note the recent FCA report on pricing in the insurance industry. Given Sabre's approach is to price policies on a consistent basis across our new and renewal portfolios we do not anticipate that the proposed remedies will have a detrimental impact on our business."

Email this article to a friend

or share it with one of these popular networks:


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 254.00p
Change Today -3.00p
% Change -1.17 %
52 Week High 332.50
52 Week Low 221.00
Volume 369,984
Shares Issued 250.00m
Market Cap £635.00m
RiskGrade 162

SBRE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
85.39% above the market average85.39% above the market average85.39% above the market average85.39% above the market average85.39% above the market average
45.45% above the sector average45.45% above the sector average45.45% above the sector average45.45% above the sector average45.45% above the sector average
Price Trend
49.03% below the market average49.03% below the market average49.03% below the market average49.03% below the market average49.03% below the market average
63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average
Income
92.73% above the market average92.73% above the market average92.73% above the market average92.73% above the market average92.73% above the market average
80.00% above the sector average80.00% above the sector average80.00% above the sector average80.00% above the sector average80.00% above the sector average
Growth
44.65% below the market average44.65% below the market average44.65% below the market average44.65% below the market average44.65% below the market average
63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average

What The Brokers Say

Strong Buy 0
Buy 3
Neutral 3
Sell 0
Strong Sell 0
Total 6
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SBRE Dividends

  Latest Previous
  Special Interim
Ex-Div 06-Aug-20 06-Aug-20
Paid 28-Aug-20 28-Aug-20
Amount 5.20p 4.30p

Trades for 25-Nov-2020

Time Volume / Share Price
16:36 4,586 @ 254.00p
16:35 17,374 @ 254.00p
16:35 45,000 @ 254.20p
16:35 3,420 @ 254.00p
16:35 1,580 @ 254.00p

SBRE Key Personnel

CEO Geoffrey Richard Carter
Chair Andrew D Pomfret

Top of Page