UK's Saga H1 revenue rises 12% on Insurance Broking strength

Saga

30/09/2026 07:16

Overview
UK over-50s specialist's H1 revenue rose 12% yr/yr to £367.5 mln
Underlying profit before tax for H1 nearly doubled, driven by Travel and Insurance growth
Company cut net debt and leverage, and upgraded full-year profit guidance

Outlook
Saga raises full-year underlying profit before tax guidance to £65-70 mln
Company expects net debt and leverage ratio to remain broadly flat for the full year
Saga likely to achieve medium-term targets ahead of January 2030

Result Drivers
TRAVEL DEMAND - Strong customer demand and increased passenger numbers in Ocean Cruise, River Cruise and Holidays drove revenue and profit growth
INSURANCE POLICY GROWTH - Higher volumes of travel and private medical insurance policies and progress in motor and home insurance transition boosted Insurance Broking profits
OPERATIONAL SIMPLIFICATION - Simplified business model, strategic partnerships and reduced capital expenditure supported improved cash generation and profitability

Company press release: ID:nRSd8616Wa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
GBP 367.50 mln
 
H1 Adjusted Pretax Profit
 
GBP 46.60 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the multiline insurance & brokers peer group is "buy"
Wall Street's median 12-month price target for Saga PLC is GBp907.50, about 41.6% above its September 29 closing price of GBp641.00
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)