REG - Sabre Insurance Grp - Capital Markets Event

Sabre InsuranceAnnouncement

05/12/2024 07:00

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RNS Number : 8258O  Sabre Insurance Group PLC  05 December 2024

 Sabre Insurance Group plc

 Capital Markets Event, 5(th) 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/
 (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."

 Investor enquiries
 Sabre Insurance Group plc       01306 747 272

 Geoff Carter / Adam Westwood
 Media enquiries
 Teneo                           020 7353 4200
 James Macey White / Ffion Dash  sabre@teneo.com

 LEI Code: 2138006RXRQ8P8VKGV98

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