Sabre Insurance Group plc announced a year-end dividend of 8.1p. Consisting of 4.2p ordinary, 3.9p special, and 0.9p interim dividend already paid. The ex-dividend date will be 25 April 2024, the record date 26 April 2024, and the payment date 5 June 2024.
Other financial highlights include:
- Overall premium +31.4%. Core Motor Vehicle +47.5%
- Profit ahead of expectations at £23.6m
- Very strong pre-dividend capital position of 205.3%. Well above target operating range of 140%-160%
- Post-dividend capital of 170.9%, will support earn-through of current and possible future growth
- Overall loss ratio in-line with firm expectations
- Expense ratio above 2023 due to growth in top-line not reflected in earned premium during the year, whilst the expense base has been subject to inflation and a small number of one-off expenses. The expense ratio has improved notably in the second half of the year
