Sabre Insurance Group (SBRE)

Sector:

Insurance

Index:

FTSE 250

268.50p
   
  • Change Today:
    -2.00p
  • 52 Week High: 332.50
  • 52 Week Low: 221.00
  • Currency: UK Pounds
  • Shares Issued: 250.00m
  • Volume: 1,639,347
  • Market Cap: £671.25m
  • RiskGrade: 257

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."

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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 268.50p
Change Today -2.00p
% Change -0.74 %
52 Week High 332.50
52 Week Low 221.00
Volume 1,639,347
Shares Issued 250.00m
Market Cap £671.25m
RiskGrade 257

SBRE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
55.56% above the market average55.56% above the market average55.56% above the market average55.56% above the market average55.56% above the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
50.78% above the market average50.78% above the market average50.78% above the market average50.78% above the market average50.78% 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
71.02% above the market average71.02% above the market average71.02% above the market average71.02% above the market average71.02% above the market average
9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average
Growth
66.27% below the market average66.27% below the market average66.27% below the market average66.27% below the market average66.27% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average

What The Brokers Say

Strong Buy 0
Buy 3
Neutral 1
Sell 0
Strong Sell 1
Total 5
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SBRE Dividends

  Latest Previous
  Final Interim
Ex-Div 23-Apr-20 22-Aug-19
Paid 28-May-20 19-Sep-19
Amount 8.10p 4.70p

Trades for 29-May-2020

Time Volume / Share Price
17:00 23,416 @ 268.50p
16:35 1,087,576 @ 268.50p
16:29 210 @ 261.00p
16:29 73 @ 261.00p
16:29 949 @ 261.00p

SBRE Key Personnel

CEO Geoffrey Richard Carter

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