By Elena Vardon

Sabre Insurance Group stuck with its full-year guidance after posting a fall in gross written premiums for the first nine months amid a subdued pricing market.

The motor-insurance provider said Thursday that gross written premiums for the nine months ended Sept. 30 amounted to 151.7 million pounds ($203.3 million), down 19% compared with the same period the previous year. Some growth in its motorcycle line was offset by double-digit percentage declines in motor-vehicle and taxi.

The London-listed group has maintained its pricing discipline and continues to write policies at target margins of between 18% and 22%, it said. The fall in market pricing seems to be stabilizing and there has been some positive momentum in Sabre's weekly premium levels along with modest growth returning in its core motor book, it added.

"We continue to expect market pricing to increase in late 2025 or early 2026 to avoid significantly undermining 2026/2027 market-level profitability," it said.

Sabre expects its profit for the year to be in line with last year's with a "healthy if slightly reduced" premium result. For 2024, it reported 48.6 million pounds in pretax profit and 236.4 million pounds in premiums.

"We are also confident of maintaining strong margins and delivering good profitability into 2026 and beyond," Chief Executive Geoff Carter said.

Write to Elena Vardon at elena.vardon@wsj.com

(END) Dow Jones Newswires

October 16, 2025 02:28 ET (06:28 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.