Sabre Insurance Shares Rises After Higher Pretax Profit, First Share-Buyback Plan

Dow Jones

Mar 18

By Najat Kantouar

Sabre Insurance Group shares jumped after the company reported a higher pretax profit for last year, and said that it plans to launch its first share-buyback program of 5 million pounds ($6.5 million) over 2025.

In early European morning trading, shares were up 11 pence, or 8.9%, at 135 pence. Year to date, shares have fallen 2.2%.

The London-listed motor-insurance provider said Tuesday that pretax profit rose to 48.6 million pounds compared with 23.6 million pounds a year earlier. This reflects a strong performance in key segments, it said.

The company's combined operating ratio--the proportion of revenue taken up by losses and expenses--was 84.2% compared with 91.6% the previous year. A ratio below 100% indicates profitable underwriting.

Gross written premiums rose to 236.4 million pounds from 225.1 million pounds, its highest ever annual performance, up 5% against 2023.

The board declared a total dividend of 13 pence a share, up from 9 pence a share for the previous year.

Sabre Insurance said it expects a strong underwriting performance and profitability in 2025. It also anticipates margins to be within its target range of between 18% and 22%.

Write to Najat Kantouar at najat.kantouar@wsj.com

(END) Dow Jones Newswires

March 18, 2025 04:38 ET (08:38 GMT)

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It also anticipates margins to be within its target range of between 18% and 22%. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Najat Kantouar at najat.kantouar@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 18, 2025 04:38 ET (08:38 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SABR","symbol_name":"Sabre Corporation","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2520616772","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2520616772","pubTimestamp":1742287080,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Sabre Insurance Group shares jumped after the company reported a higher pretax profit for last year, and said that it plans to launch its first share-buyback program of 5 million pounds  over 2025.In early European morning trading, shares were up 11 pence, or 8.9%, at 135 pence. 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Year to date, shares have fallen 2.2%. \n\n\n  The London-listed motor-insurance provider said Tuesday that pretax profit rose to 48.6 million pounds compared with 23.6 million pounds a year earlier. This reflects a strong performance in key segments, it said. \n\n\n  The company's combined operating ratio--the proportion of revenue taken up by losses and expenses--was 84.2% compared with 91.6% the previous year. A ratio below 100% indicates profitable underwriting. \n\n\n  Gross written premiums rose to 236.4 million pounds from 225.1 million pounds, its highest ever annual performance, up 5% against 2023. \n\n\n  The board declared a total dividend of 13 pence a share, up from 9 pence a share for the previous year. \n\n\n  Sabre Insurance said it expects a strong underwriting performance and profitability in 2025. It also anticipates margins to be within its target range of between 18% and 22%. \n\n\n \n\n\n  Write to Najat Kantouar at najat.kantouar@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 18, 2025 04:38 ET (08:38 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding,buyback","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}