Sabre Group doubles full-year profit, hikes dividend
Sabre Insurance Group
131.60p
17:15 18/03/25
6.13%
7.60p
Sabre Insurance saw its profit more than double in 2024, leading management to hike the dividend pay-out by nearly half.
FTSE All-Share
4,699.07
16:54 18/03/25
n/a
n/a
FTSE Small Cap
6,614.03
17:14 18/03/25
n/a
n/a
Insurance (non-life)
4,320.01
17:04 18/03/25
-0.29%
-12.55
Profit before tax was ahead by 105.9% to £48.6m on an IFRS basis.
That saw the motor insurer's return on tangible equity surge by 15.5 percentage points to an annualised rate of 38.2%.
The business's combined operating ratio meanwhile fell by 7.4 percentage points to 84.2%.
The total dividend was increased by 44% to reach 13.0p.
As of 0834 BST shares of Sabre Insurance were climbing 8.87% to 135.0p, having earlier reached an intra-session high of 137.80 - their best level since mid-January roughly.
-- More to follow --