Sabre Insurance Group Reports Rise in Premiums

Sabre Insurance Group, a leading motor-insurance provider, has announced a significant increase in gross written premiums for the nine months ended September 30. The company reported GBP162.2 million ($196.9 million), representing a 19.5% rise compared to the same period last year.

Positive Growth Outlook

The strong performance has led Sabre Insurance Group to revise its full-year guidance for gross written premiums. The company now expects growth of 20%-25%, up from the previous projection of 15% to 20%. This upward revision is a result of higher-than-expected premiums in recent months.

Strengthened Financial Position

In addition to the rise in premiums, Sabre Insurance Group has seen its post-dividend solvency capital ratio improve significantly. The ratio now stands at 191%, up from 163%, indicating a return to historical levels of underwriting profitability on core motor vehicle business and profitable growth.

Capital Flexibility and Dividend Payout

With the improved financial strength, Sabre Insurance Group is confident that it has sufficient capital to provide the board with flexibility in determining an appropriate dividend payout at the end of the year. The company also anticipates distribution of surplus capital through special dividends.

For more information, contact Ian Walker.