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Saga plc ( (GB:SAGA) ) just unveiled an announcement.
Saga plc has announced a 20-year insurance partnership with Ageas and the sale of its Insurance Underwriting business, Acromas Insurance Company Limited, to Ageas. This strategic move aims to enhance Saga’s position in the insurance market by leveraging Ageas’s UK insurance expertise while optimizing Saga’s brand and customer base. The partnership is expected to drive growth in Saga’s motor and home insurance offerings, focusing on innovation and value for money. Furthermore, the transaction aligns with Saga’s long-term goals of reducing debt and enhancing shareholder value, while also strengthening its focus on the over 50s market.
More about Saga plc
Saga plc is a UK-based company that has been a leading provider of products and services for people over 50 for over 70 years. It is recognized for high-quality customer service and award-winning products in areas such as cruises, travel, insurance, personal finance, and media.
YTD Price Performance: -15.23%
Average Trading Volume: 343,033
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £177.2M
See more data about SAGA stock on TipRanks’ Stock Analysis page.
