Saga trading in line; on track to achieve FY targets

Saga said it was on track to achieve its targets for the year ending 31 January 2017 and continues to make good progress against its strategic priorities.

Ahead of the annual general meeting at its headquarters in Folkestone later, the group, which provides products and services for the over 50, said it had seen solid trading across the core insurance and travel businesses.

Chief executive officer Lance Batchelor said: “We have made a good start to the year across our core trading divisions. We continue to focus on our strategic objectives and remain on track to deliver on the targets we set out at our preliminary results on 19 April 2016.”

Saga said it was investing in future growth through the ongoing development of opportunities in emerging businesses and maintaining its simple and efficient operating model with the implementation of the Quota Share agreement and the motor panel.

Saga is due release its interim results on 21 September.