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Last checked at 
5 Dec 2024 07:00
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Sabre Insurance Group plc Capital Markets Event, 5th December 2024 | |
Sabre Insurance Group plc (the "Group" or "Sabre"), one of the UK's leading motor insurance underwriters, will today host a Capital Markets Event for investors and analysts at 3.30pm GMT in London, providing an update on the Group's strategy and medium-term growth objectives. Management will discuss the Group's 'Ambition 2030' strategy, through which it aims to deliver a profit before tax of at least £80m in 2030, representing a compound annual growth rate across the period of c.10%. A recording of the presentations and all materials will be available on the Sabre Insurance Group plc website at https://sabreplc.co.uk/investors/results-centre/ following the event. Current trading A brief update on current market trading conditions will be provided at today's event, with management reiterating guidance for the current financial year ending 31 December 2024. We continue to anticipate our highest ever gross written premium in 2024, and profit in line with current market expectations. Geoff Carter, CEO of Sabre Insurance Group, commented: "Today's Capital Markets Event is an opportunity for our management team to outline Sabre's ability to deliver material growth across the cycle, whilst maintaining the core principles that have delivered exceptional returns and resilience over the Group's more than 30 years as an underwriter. The delivery of our 'Ambition 2030' will be underpinned by our proven skills and data, supported by the roll-out of significant technological enhancements to our pricing infrastructure. We will be targeting profit growth through balancing income and margin and continuing to maintain resolute underwriting discipline. In addition, we are enhancing distribution across our Motorcycle business, including the launch of a new, online-only direct Motorcycle brand in Q1 2025. All growth initiatives leverage existing Sabre strengths, do not require capital investment and can be rolled out in a controlled manner. I am looking forward to sharing our exciting ambition for the future and will report on our progress in subsequent market updates." | |
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Investor enquiries | |
Sabre Insurance Group plc Geoff Carter / Adam Westwood | 01306 747 272 |
Media enquiries | |
Teneo | 020 7353 4200 |
James Macey White / Ffion Dash | sabre@teneo.com |
LEI Code: 2138006RXRQ8P8VKGV98 | |
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