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Sabre Insurance Group PLC (SBRE.L)

SBRE.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Sabre says full year combined ratio better than mid 70 pct target
Thursday, 23 May 2019 

May 23 (Reuters) - Sabre Insurance Group PLC : :TRADING UPDATE FOR THE PERIOD ENDING 30 APRIL 2019 AHEAD OF AGM .ANTICIPATED FULL YEAR COMBINED RATIO SLIGHTLY BETTER THAN MID 70% TARGET.CONTINUED STRATEGY OF PRIORITISING UNDERWRITING PROFITABILITY OVER VOLUME, WITH COMPETITIVE MARKET DYNAMICS OBSERVED IN FY18 CONTINUING THROUGH FIRST FOUR MONTHS OF THIS YEAR.GROSS WRITTEN PREMIUM DOWN £5M YOY (£64.7M V £69.8M) AS EXPECTED WITH SABRE MAINTAINING ITS STRATEGY OF COUNTERING CLAIMS INFLATION WITH ONGOING PRICE INCREASES TO PRESERVE UNDERWRITING DISCIPLINE AND TARGET MARGINS.CONTINUED STRONG ORGANIC CAPITAL GENERATION WITH A SOLVENCY COVERAGE RATIO OF 185% (POST PAYMENT OF 2018 FULL YEAR DIVIDEND) EXCEEDING OUR PREFERRED RANGE OF 140 TO 160%.  Full Article

Sabre Insurance Group Posts FY Underwriting Profit 59.0 Mln
Thursday, 22 Mar 2018 

March 22 (Reuters) - Sabre Insurance Group Plc ::FY ‍NET LOSS RATIO 46.5% VERSUS 47.7%​.FY ‍EXPENSE RATIO 22.0% VERSUS 21.6%​.FY ‍COMBINED OPERATING RATIO 68.5% VERSUS 69.3%​.FY ‍UNDERWRITING PROFIT £59.0M VERSUS £55.9M​.FY ‍ADJUSTED PROFIT AFTER TAX £53.3M VERSUS £53.9M​.‍FY SOLVENCY COVERAGE RATIO 160% VERSUS 128%​.FY ‍RETURN ON OPENING SCR 92.1% VERSUS 93.2%​.FY ‍RETURN ON TANGIBLE EQUITY 81.8% VERSUS 96.3%​.‍PROGRESSED TRANSITION TO A NEW HYBRID CLOUD IT INFRASTRUCTURE, DUE TO COMPLETE IN MID-2018​.‍FY PERFORMANCE UNDERPINS OUR CONFIDENCE IN DELIVERING AN ATTRACTIVE DIVIDEND IN 2018​.  Full Article

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UK deals blow to insurers with change to discount rate

LONDON Britain will change the discount rate used to calculate compensation for personal injuries to minus 0.25% from minus 0.75%, disappointing insurers who were hoping for a higher rate to limit the money they must set aside to cover payouts.