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.
| Target | Promise | Said | Status |
|---|---|---|---|
| 2024 | |||
| 2024 | Overall combined operating ratio of 75-80% on an IFRS 17 discounted basis for 2024. | 23 May 2024 | ✗ Missed |
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Also stated 30 Jul 2024
Result
The 2024 combined operating ratio was 84.2% (the later 2025 report restates the 2023 figure as 91.6%). “Overall COR of 75% to 80% on an IFRS 17 (discounted) basis, dependent on the level of discounting credit recorded for the year”30 Jul 2024 · Half-year Results “Combined operating ratio | 84.2% | 91.6%”18 Mar 2025 · Final Results |
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| 2025 | |||
| 31 Dec 2025 | Net insurance margin within the 18-22% range for full-year 2025. | 18 Mar 2025 | ✗ Missed |
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Also stated 22 May 2025 · 31 Jul 2025
Result
The 2025 margin was 19.2%, which is in range; the March 2026 report states 17.6% for 2024 and 19.2% for 2025. “We have delivered a net insurance margin well inside our 18% to 22% target range”31 Jul 2025 · Half-year Results “Net insurance margin improved to 19.2%, comfortably within target range”10 Mar 2026 · Final Results |
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