Sabre Insurance backs FY outlook as it returns to growth in premiums

(Sharecast News) - Sabre Insurance reiterated its full-year guidance on Thursday as it reported a return to growth in gross written premiums in the first four months of the year.

The company said in an update that total gross written premiums jumped 15% from a year earlier to £76.3m. GWP in the core motor vehicle segment rose 18% in the four months to the end of April to £68.9m, while Motorcycle increased to £4.9m from £3.3m. GWP in Taxi came in at £2.5m, however, down on the previous year's £4.7m.

For the full year, Sabre continues to expect year-on-year growth in GWP, with the rate of growth set to be influenced by how quickly the wider market moves to cover claims inflation. It also continues to expect profit slightly ahead of 2025, underpinned by sustained pricing discipline during "ongoing competitive market conditions".

Chief executive Geoff Carter said: "2026 has got off to a strong start for Sabre, with gross written premium materially ahead of last year despite conditions remaining competitive in our target markets. As reported in our recent full-year results presentation, we were able to enhance our competitiveness towards the end of 2025 following evidence-based revisions to our forward-looking claims inflation assumptions. This has driven growth this year whilst maintaining our written margins within our target range. This has underlined our confidence in our ability to grow this year.

"We still see claims cost inflation at mid-single digits but are mindful of the potential impact of geopolitical developments. We continue to cover identifiable drivers of claims inflation and will not hesitate to increase prices if required to address any additional emerging inflation risks."

At 1116 BST, the shares were up 5.8% at 164p.

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Sabre Insurance Group