Sabre in first share buy-back as earnings soar in 24 – Insurance coverage Age

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Sabre in first share buy-back as earnings soar in 24 – Insurance coverage Age

Sabre has posted a 5% rise in gross written premiums as revenue after tax practically doubled in 2024.

Submit tax revenue on the motor insurance coverage specialist rose from £18.1m to £36m year-on-year with the mixed working ratio dropping 7.4 proportion factors to 84.2%.

GWP hit a document £236.4m with motorcar insurance coverage breaking via the £200m barrier to achieve £209.9m.

This got here regardless of the variety of motorcar insurance policies dropping 17,000 to 217,000.

The taxi e book confirmed the identical stability, with insurance policies lowering by 1,000 to 11,000 however GWP up. The premium rose £2.5m to £16.8m.

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