Sabre Insurance Group (SBRE)

Sector:

Insurance

Index:

FTSE Small Cap

158.60p
   
  • Change Today:
    -0.80p
  • 52 Week High: 179.80
  • 52 Week Low: 125.00
  • Currency: UK Pounds
  • Shares Issued: 250.00m
  • Volume: 103,053
  • Market Cap: £396.50m
  • RiskGrade: 127

Sabre Insurance unveils special dividend after strong 2023 results

By Benjamin Chiou

Date: Tuesday 19 Mar 2024

LONDON (ShareCast) - (Sharecast News) - Shares in Sabre Insurance were rising on Tuesday after the motor insurance underwriter doubled its dividend payout for 2023, proposing a bumper special dividend after a huge surge in profits last year.
The company's combined dividends for the year came to 9.0p per share, up from 4.5p in 2022, after lifting its total dividend to 5.1p from 2.8p and proposing a 3.9p special dividend after passing excess capital to shareholders.

Gross written premiums totalled £225.1m last year, up fro £171.3m the year before, while the net loss ratio fell sharply to 56.3% from 66% - in line with the firm's historical target level in the low-to-mid 50% range.

As a result, pre-tax profit swelled to £23.6m from £14m in 2022.

Following a challenging 2022, where we reacted early and decisively to the rapid increase in inflation, this year has seen us benefit as some competitors increased prices rapidly and others withdrew from the motor insurance market," said chief executive Geoff Carter.

Looking ahead, Carter said: "We anticipate that the business we wrote in 2023 will earn through at attractive margins delivering an increase in profitability in 2024. I also expect that market pricing discipline will hold allowing us to grow further."

The stock was up 3.7% at 164.8p by 1025 GMT.

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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 158.60p
Change Today -0.80p
% Change -0.50 %
52 Week High 179.80
52 Week Low 125.00
Volume 103,053
Shares Issued 250.00m
Market Cap £396.50m
RiskGrade 127

SBRE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
31.58% above the market average31.58% above the market average31.58% above the market average31.58% above the market average31.58% above the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Price Trend
32.87% above the market average32.87% above the market average32.87% above the market average32.87% above the market average32.87% above the market average
11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average
Income
83.06% above the market average83.06% above the market average83.06% above the market average83.06% above the market average83.06% 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
42.8% below the market average42.8% below the market average42.8% below the market average42.8% below the market average42.8% 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 18-Jun-2024

Time Volume / Share Price
12:27 200 @ 158.62p
12:11 689 @ 158.66p
11:46 49 @ 158.60p
10:46 1,130 @ 158.80p
10:44 672 @ 158.60p

SBRE Key Personnel

CEO Geoffrey Richard Carter
Chair Rebecca Ann Shelley

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