Sabre Insurance Group plc ( (GB:SBRE) ) has provided an announcement.
Sabre Insurance Group plc reported a significant increase in its financial performance for the year 2024, with profit before tax more than doubling and gross written premiums reaching record levels. The company has announced a 44.4% increase in dividends and plans a £5 million share buyback, reflecting confidence in its Ambition 2030 growth strategy. Despite market challenges, Sabre has maintained strong underwriting discipline and is well-positioned to navigate the current market dynamics, with expectations of continued profitability and growth in the coming years.
More about Sabre Insurance Group plc
Sabre Insurance Group plc is a leading motor insurance underwriter in the UK, focusing on providing insurance products for motor vehicles and motorcycles. The company is known for its strict underwriting discipline and aims to achieve sustainable growth through its Ambition 2030 strategy.
YTD Price Performance: -10.14%
Average Trading Volume: 418,755
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £312M
For detailed information about SBRE stock, go to TipRanks’ Stock Analysis page.