Sabre Insurance's annual profit doubles on competitive pricing

Sabre Insurance

18/03/2025 07:12

March 18 (Reuters) - Sabre Insurance SBRE.L said on Tuesday its annual pretax profit more than doubled, as its competitive pricing helped the British motor insurer navigate a challenging insurance market.

The company reported an IFRS pre-tax profit of 48.6 million pounds ($63.08 million) for the year ended December 2024, marking a 105.9% jump from 23.6 million pounds in the previous year.

($1 = 0.7705 pounds)

 (Reporting by Yamini Kalia in Bengaluru; Editing by Sherry Jacob-Phillips)

 ((Yamini.Kalia@thomsonreuters.com;))