Sabre Insurance Group
SBRE · Main Market · Insurance · mcap £422m · 175.2p
Sabre Insurance Group sells motor insurance, mainly car cover for drivers other mainstream insurers find harder to price, plus motorcycle and taxi cover. It makes money from underwriting profit and investment income, and returns surplus capital to shareholders.
- Revenue
- £248m
- Operating profit
- –
- Net income
- £36.9m
- Free cash flow
- –
- Net cash
- –
- Market cap
- £427m
- EV / EBIT
- –
- FCF yield
- –
- Price / book
- 1.7×
- Net income
- £17.9m −5%
- Cash from operations
- £49.6m +49%
Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.
Latest report: H1 26 (six months to 30 Jun 26), published 04 Aug 26 · read the results ↗
£m unless stated · newest first · italic = calculated (LTM, H2 = FY − H1) · hover a value for its source
| LTM Jun 26 | FY 25 | FY 24 | FY 23 | FY 22 | |
|---|---|---|---|---|---|
| Gross written premium | 218.6 | 202.9 | 236.4 | 225.1 | 171.3 |
| Insurance revenue | – | – | 248.1 | 188.2 | – |
| Combined ratio | – | 82.3% | 84.2% | 91.6% | 93.4% |
| Depreciation (owned assets) | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 |
| Depreciation (right-of-use) | – | – | – | – | 0.2 |
| Share-based payments | 2.3 | 2.1 | 1.6 | 1.6 | 1.6 |
| Profit before tax | 49.4 | 51.0 | 48.6 | 23.6 | 14.0 |
| Net income (owners) | 36.9 | 37.9 | 36.0 | 18.1 | 11.1 |
| EPS basic | – | – | 14.5p | – | – |
| EPS diluted | – | – | 14.4p | – | – |
| Dividend per share | 14.2p | 13.5p | 13.0p | 9.0p | 4.5p |
| H1 26 | vs H1 25 | H2 25 | H1 25 | H2 24 | H1 24 | H2 23 | |
|---|---|---|---|---|---|---|---|
| Gross written premium | 116.0 | +16% | 102.6 | 100.3 | 110.7 | 125.7 | 125.6 |
| Insurance revenue | 105.1 | −7% | – | 112.4 | 126.3 | 121.9 | 102.1 |
| Insurance service result | 36.1 | – | – | – | – | 32.6 | – |
| Combined ratio | 85.6% | – | – | 82.6% | – | 86.0% | – |
| Depreciation (owned assets) | 0.1 | n/m | 0.1 | 0.1 | 0.1 | 0.1 | – |
| Share-based payments | 1.2 | +17% | 1.1 | 1.0 | 0.8 | 0.8 | 0.8 |
| Profit before tax | 23.9 | −6% | 25.5 | 25.5 | 28.4 | 20.2 | 18.8 |
| Net income (owners) | 17.9 | −5% | 19.0 | 18.9 | 20.9 | 15.1 | 14.2 |
| EPS basic | – | – | – | 7.6p | 8.4p | 6.1p | – |
| EPS diluted | – | – | – | 7.5p | 8.3p | 6.0p | – |
| Dividend per share | 4.1p | – | 10.1p | 3.4p | 11.3p | 1.7p | 8.1p |
| H1 26 | vs H1 25 | H2 25 | H1 25 | H2 24 | H1 24 | H2 23 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | 49.6 | +49% | 3.5 | 33.4 | (1.1) | 23.2 | 8.9 |
| Tax paid | (6.7) | +22% | (7.2) | (5.5) | (6.4) | (5.9) | (2.2) |
| Capex (PP&E) | (0.0) | n/m | (0.2) | (0.0) | – | 0.0 | (0.5) |
| Dividends paid | (24.7) | −12% | (8.3) | (28.0) | (4.2) | (20.1) | (2.2) |
| Share buybacks | (1.8) | n/m | (5.1) | 0.0 | (0.8) | (0.6) | (0.4) |
| Shares issued | 0.0 | n/m | 0.0 | 0.0 | – | – | – |
| Latest Jun 26 | FY 25 | FY 24 | FY 23 | FY 22 | |
|---|---|---|---|---|---|
| Solvency II ratio | 161.4% | 161.5% | 171.1% | 170.9% | 161.4% |
| Financial investments | – | – | – | 264.7 | 229.2 |
| Reinsurance assets | 211.0 | 216.4 | 160.8 | 166.7 | 137.0 |
| Insurance contract liabilities | 467.6 | 460.7 | 397.9 | 374.8 | 314.3 |
| Goodwill | 156.3 | 156.3 | 156.3 | 156.3 | 156.3 |
| Property, plant & equipment | 4.2 | 4.3 | 4.2 | 4.4 | 4.0 |
| Trade receivables | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 |
| Cash | 47.4 | 25.5 | 31.3 | 35.1 | 18.5 |
| Total assets | 728.5 | 729.3 | 665.8 | 630.1 | 549.8 |
| Trade payables | 11.5 | 7.0 | 7.0 | 9.7 | 5.1 |
| Total liabilities | 482.9 | 471.4 | 407.5 | 387.7 | 320.8 |
| Total equity | 245.5 | 257.9 | 258.3 | 242.4 | 229.0 |
| H1 26 | H2 25 | H1 25 | H2 24 | H1 24 | H2 23 | |
|---|---|---|---|---|---|---|
| Solvency II ratio | 161.4% | 161.5% | 180.9% | 171.1% | 185.2% | 170.9% |
| Financial investments | – | – | – | – | 289.6 | 264.7 |
| Reinsurance assets | 211.0 | 216.4 | 178.4 | 160.8 | 179.8 | 166.7 |
| Insurance contract liabilities | 467.6 | 460.7 | 421.6 | 397.9 | 421.2 | 374.8 |
| Goodwill | 156.3 | 156.3 | 156.3 | 156.3 | 156.3 | 156.3 |
| Property, plant & equipment | 4.2 | 4.3 | 4.1 | 4.2 | 4.3 | 4.4 |
| Trade receivables | 0.0 | 0.0 | 0.1 | 0.0 | 0.1 | 0.1 |
| Cash | 47.4 | 25.5 | 35.6 | 31.3 | 37.5 | 35.1 |
| Total assets | 728.5 | 729.3 | 683.5 | 665.8 | 672.1 | 630.1 |
| Trade payables | 11.5 | 7.0 | 12.3 | 7.0 | 8.6 | 9.7 |
| Total liabilities | 482.9 | 471.4 | 437.2 | 407.5 | 433.0 | 387.7 |
| Total equity | 245.5 | 257.9 | 246.3 | 258.3 | 239.1 | 242.4 |
Line items extracted automatically from each results announcement; when a later report restates a period, the later figure is shown. LTM and H2 are calculated from reported periods. Check the source before relying on a figure.
Company filings. Not investment advice.