By Alexander Bueso
Date: Tuesday 18 Mar 2025
LONDON (ShareCast) - (Sharecast News) - Sabre Insurance saw its profit more than double in 2024, leading management to hike the dividend pay-out by nearly half.
Profit before tax was ahead by 105.9% to £48.6m on an IFRS basis.
That saw the motor insurer's return on tangible equity surge by 15.5 percentage points to an annualised rate of 38.2%.
The business's combined operating ratio meanwhile fell by 7.4 percentage points to 84.2%.
The total dividend was increased by 44% to reach 13.0p.
As of 0834 BST shares of Sabre Insurance were climbing 8.87% to 135.0p, having earlier reached an intra-session high of 137.80 - their best level since mid-January roughly.
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Currency | UK Pounds |
Share Price | 125.40p |
Change Today | -1.60p |
% Change | -1.26 % |
52 Week High | 179.80p |
52 Week Low | 124.00p |
Volume | 806,925 |
Shares Issued | 250.00m |
Market Cap | £313.50m |
Beta | 0.00 |
RiskGrade | 127 |
Value |
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Price Trend |
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Income |
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Growth |
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Strong Buy | 4 |
Buy | 3 |
Neutral | 2 |
Sell | 0 |
Strong Sell | 0 |
Total | 9 |
Latest | Previous | |
---|---|---|
Final | Special | |
Ex-Div | 17-Apr-25 | 17-Apr-25 |
Paid | 04-Jun-25 | 04-Jun-25 |
Amount | 8.40p | 2.90p |
Time | Volume / Share Price |
16:35 | 319 @ 125.40p |
16:35 | 25,537 @ 125.40p |
16:35 | 1,552 @ 125.40p |
16:35 | 545 @ 125.40p |
16:35 | 844 @ 125.40p |
CEO | Geoffrey Richard Carter |
Chair | Rebecca Ann Shelley |
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