UK's Sabre Insurance jumps most in 3 years on surging profit, buyback plan

Sabre Insurance

18/03/2025 08:19

** Sabre Insurance SBRE.L surges as much as 11.2%, biggest intra-day gain since Feb 2022

** British motor insurer's annual profit more than doubles as gross written premiums hit record levels

** Also sets surprise share buyback of 5 mln pounds ($6.50 mln) and hikes total dividend 44.4% to 13 pence

** SBRE chops YTD losses to about 1%

 ($1 = 0.7698 pounds)

 (Reporting by Yamini Kalia in Bengaluru)

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