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Investing.com - Sabre (NASDAQ:SABR) Insurance Group plc (LON:SBRE) on Thursday reported solid profitability for the first four months of 2025 despite challenging market conditions, with total gross written premiums rising over 8% compared to the prior 5-year average.
The UK-based motor insurer saw total gross written premiums reach £66.1 million in the period, up from a £61.0 million average over the past five years.
Core motor vehicle premiums grew over 7% to £58.1 million versus the £54.2 million 5-year average.
Sabre maintained its full-year guidance, expecting its undiscounted net insurance margin to fall within its 18-22% target range.
The company anticipates "good profit and dividends in 2025 despite weak market conditions in the year to date," though it projects a slight year-over-year decrease in total premiums for the remainder of 2025.
Sabre reported its loss ratio remains in line with targets, while its post-dividend solvency capital ratio is "well above" the 171.1% reported at the end of 2024.
The insurer also highlighted the successful launch of its Sabre Direct Motorcycle product and progress on enhanced pricing infrastructure set for testing in the second half of 2025.
Looking ahead, Sabre reiterated it remains on track to deliver its target of at least £80 million in profit before tax by 2030.
The company expects market premium increases later in 2025 in response to 12-month market price reductions of around 15% amid continued high inflation levels.
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