Sabre Insurance Group (SBRE)

Sector:

Insurance

Index:

FTSE Small Cap

159.40p
   
  • Change Today:
      1.00p
  • 52 Week High: 179.80
  • 52 Week Low: 125.00
  • Currency: UK Pounds
  • Shares Issued: 250.00m
  • Volume: 170,859
  • Market Cap: £398.50m
  • RiskGrade: 127

Sabre raises guidance after growth accelerates in Q3

By Benjamin Chiou

Date: Thursday 19 Oct 2023

LONDON (ShareCast) - (Sharecast News) - UK motor insurance group Sabre raised its full-year guidance on Thursday after a better-than-expected step-up in motor vehicle premium growth in the third quarter.
The company said it now expects 2023 gross written premiums to increase by 20% to 25%, ahead of previous guidance in August of 15% to 20% growth.

Motor vehicle premium growth jumped by 61% year-on-year in the three months to 30 September, well ahead of the 19% growth in in the first half, driving vehicle premiums for the first nine months of the year up 33.6% to £140.5m.

Motorcycle premiums, which account for less than 10% of total premiums, dropped 48.8% year-on-year in the nine-month period to £10.7m. Taxi premiums increased 14.6% to £11m.

The result was group gross written premiums rising 19.5% overall over the first three quarters to £162.2m.

"Having stuck firmly to our 'profitability over volume' strategy through four-years of persistent market under-pricing and periods of very high inflation, we are now starting to show the benefits of our strategy as market pricing continues to correct," said chief executive Geoff Carter.

The stock was up 3.3% at 155p by 1143 BST.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SBRE Market Data

Currency UK Pounds
Share Price 159.40p
Change Today 1.00p
% Change 0.63 %
52 Week High 179.80
52 Week Low 125.00
Volume 170,859
Shares Issued 250.00m
Market Cap £398.50m
RiskGrade 127

SBRE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
32.24% above the market average32.24% above the market average32.24% above the market average32.24% above the market average32.24% above the market average
55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average
Price Trend
35.08% above the market average35.08% above the market average35.08% above the market average35.08% above the market average35.08% above the market average
55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average
Income
81.34% above the market average81.34% above the market average81.34% above the market average81.34% above the market average81.34% above the market average
75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average
Growth
43% below the market average43% below the market average43% below the market average43% below the market average43% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 3
Buy 3
Neutral 2
Sell 0
Strong Sell 0
Total 8
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SBRE Dividends

  Latest Previous
  Final Special
Ex-Div 25-Apr-24 25-Apr-24
Paid 05-Jun-24 05-Jun-24
Amount 4.20p 3.90p

Trades for 14-Jun-2024

Time Volume / Share Price
16:35 20,883 @ 159.40p
16:35 46 @ 159.40p
16:35 228 @ 159.40p
16:35 228 @ 159.40p
16:35 228 @ 159.40p

SBRE Key Personnel

CEO Geoffrey Richard Carter
Chair Rebecca Ann Shelley

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