Share Name Share Symbol Market Type Share ISIN Share Description
Sabre Insurance Group Plc LSE:SBRE London Ordinary Share GB00BYWVDP49 ORD GBP0.001P
  Price Change % Change Share Price Shares Traded Last Trade
  -4.50 -1.75% 252.50 37,490 09:20:29
Bid Price Offer Price High Price Low Price Open Price
251.00 253.00 261.00 250.50 261.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonlife Insurance 203.68 56.48 18.35 13.8 631
Last Trade Time Trade Type Trade Size Trade Price Currency
09:23:59 O 277 252.00 GBX

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23/11/202013:17Sabre Ins76

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Sabre Insurance Daily Update: Sabre Insurance Group Plc is listed in the Nonlife Insurance sector of the London Stock Exchange with ticker SBRE. The last closing price for Sabre Insurance was 257p.
Sabre Insurance Group Plc has a 4 week average price of 222p and a 12 week average price of 222p.
The 1 year high share price is 339.50p while the 1 year low share price is currently 200p.
There are currently 250,000,000 shares in issue and the average daily traded volume is 222,453 shares. The market capitalisation of Sabre Insurance Group Plc is £631,250,000.
speedsgh: Happy to defer to your greater experience, wba1. Either way would be a satisfactory outcome imo. I do not currently hold. Kicking myself that I didn't start looking more closely at SBRE until the last few days. But am happy to wait for a future opportunity to build a position at a slightly lower price.
garycook: wba1,So the Dividend,s paid in 2020 so far of 17.6p,gives SBRE a dividend yield of 6.71% at 262p correct ?
wba1: GaryCook; not knocking DLG. They have been a solid play for many years and remain a decent trading and income share. But market cap is irrelevant (ignoring the micro caps). What matters is what value the market cap represents relative to performance fundamentals and outlook. IMHO DLG are more exposed to headwinds than SBRE. Particularly, the threat of a dual pricing ban is horrible for DLG where in excess of 50% of their earned premium would be affected. SBRE is wholly unaffected by this issue as its business is niche with primarily scheme and broker sources. I do not expect DLG to visibly suffer for some time (if the FCA decision is as expected) because they can stash away this years excess profit in reserves and smooth profit flow for 3-4 years (ignore DLG comments about increased costs at present/higher severity - this is just them laying the ground for smoothing profit by reserve stuffing, which all insurers will do), but eventually the FCA will bite. For an insurer (and especially an UW director (my background), what matters most is the COR/LR, and SBREs is market leading and difficult to replicate because of its niche business and data. SBRE also has an (extremely) conservative approach to investing reserves, being almost exclusively in government bonds with the resultant effect of either minimal exposure to default or being able to move to a more aggressive policy when appropriate in order to improve investment return (and profit). SBRE will not set the world on fire but is the quality play at present.
garycook: wba1,Sooner hold DLG,with its £4B Mcap for value,and a 7.45% plus dividend yield,compared to SBRE Mcap £650M at only a 4.78% yield atm.Similar possible 20% upside from here,in both DLG,& SBRE.
jonwig: squeamish - they target people with money who are regarded as high risk by mainstream insurers. They don't compete in the cutthroat mass market. Hence, of course, they don't penalise loyalty: they've said they will be unaffected by the ongoing investigation. Also, they've a reputation for disputing dodgy claims. It's all a tight ship! Hence as they say, they don't pursue volume. Working largely through brokers could be an advantage. This business model means they don't need or want growth, and can throw off surplus capital with special dividends. With Sabre, you'll get a flat share price and 7-8% pa income. (That was the plan until this month, anyway!)
speedsgh: Recent Trading Update has not managed to reverse the current weakness... HTTPS:// Sabre Insurance Group plc (the " Group ", or " Sabre "), one of the UK's leading private motor insurance underwriters, today provides a trading update for the nine months ending 30th September 2020. Summary - Overall performance is consistent with expectations set at the time of the H1 results, which were announced on 28th July 2020 - The Group has continued to perform well throughout the COVID-19 pandemic and related disruption, continuing to execute our strategy of focusing on underwriting profitability over premium volume - Prices increased to cover underlying claims and other cost inflation of around 10% per year. Temporary COVID-19 lockdown-driven price reductions fully backed out as traffic and claim levels return to near normal - The Group continues to anticipate delivering a FY2020 combined ratio result close to our long-term mid-70%'s target - Continuing the positive trends identified at the H1 results, Gross Written Premiums picked up in Q3, resulting in the first nine months of the year ending 9% lower year-on-year at £139.2m(1) (9 months 2019: £152.9m), having been 14% down year-on-year at H1 2020 - Year-on-year Gross Written Premium for 2020 is anticipated to be in-line with guidance provided with the H1 results, with a likely outcome of around 10% lower year-on-year depending on market conditions - Strong organic capital generation supports the potential for an attractive full year dividend with a solvency coverage ratio of 186%(1) as at the end of September 2020 (September 2019: 198%), well above our 140% to 160% target range - Strong balance sheet with no debt obligations Outlook The performance in the first nine months of the year has been in line with expectations. Policy volumes are currently better than anticipated given the rate increases implemented, with high average premiums being achieved. Our on-going focus is on ensuring that our prices are appropriate for the life of a policy, not just the next few months, and we could be pricing somewhat ahead of the market. This may provide a growth opportunity in 2021 if some competitors need to "catch up" pricing levels. Alternatively, if data subsequently proves we have been too cautious we will be able to moderate rates whilst delivering a strong profit performance for prior periods. Despite the continuing uncertainties we remain confident in delivering a combined operating ratio close to our mid-70%'s target. We anticipate paying an attractive dividend for the full-year, underpinned by our current solvency ratio of 186% which is well above our target 140% to 160% range.
thewheeliedealer: Hi all, My mate Peter @Conkers3 and myself did a ‘Twin Petes Investing’ Podcast a few days ago and part of our discussion covers SBRE and other Insurers. We also chatted about loads of other Stocks and we managed to include a lot of educational stuff in this one – things like how much Research you need to do and what to consider regarding Retirement. Anyway, if you use Apple, Audioboom, Overcast or Spotify you can find it under the 'Conkers Corner' Channel (you want TPI Podcast 29) and you can find it on Soundcloud at the link below. I hope you enjoy it and find it useful, Cheers, WD @wheeliedealer hTTps://
jonwig: Interims; Last year's 'special' reinstated, so paying 9.5p. Confident outlook and a V-shaped recovery underway.
jonwig: A bit unexpected, maybe? Admiral is to refund £110m of premiums to motor insurance customers because people are driving less during the lockdown, a move that will put pressure on rivals to follow suit. The group is the first major UK insurer to offer a blanket refund to all customers. Traffic levels have reduced by 70 per cent because of restrictions on movement during the coronavirus pandemic, according to research from RBC Capital Markets, a development that will lead to fewer accidents and lower claims costs for insurers. “We want to give the money we would have used to pay these claims back to our loyal customers in this difficult time,” said Cristina Nestares, head of UK insurance at Admiral. “We have also already reflected this change in driving behaviour in our pricing for customers and will continue to do so.” The company plans to return £25 per vehicle insured to customers. That is equivalent to 5 per cent of the average annual motor insurance premium at the end of last year, according to data from the Association of British Insurers. Admiral says the refund will apply to 4.4m vehicles. It has also committed to spending £80m on other measures, including price cuts and help for NHS workers. £25 Amount per vehicle insured that Admiral plans to return to customers Last week Aviva said it would allow customers to reduce their premiums by going online to change the amount of miles they expect to drive this year but it stopped short of a blanket refund for all customers. In the US, insurers have been more proactive about refunding premiums during the past few weeks. Groups including Geico, Allstate and State Farm have between them pledged to return billions of dollars to customers. In California, the state regulator has insisted that insurers return premiums for the months of March and April, and potentially for May as well if the lockdown continues. Shares in UK motor insurers such as Admiral and Hastings have performed relatively well since the crisis started, outperforming the FTSE All-Share index. Admiral shares rose 3 per cent in response to the refund news on Tuesday, and they are now only 3 per cent below their level in mid-February. But analysts have warned that the crisis will cause problems for motor insurers in the medium term, despite falling traffic levels. The closure of body shops and the low availability of spare parts could drive up repair costs, while the end of social distancing could lead to increased travel and greater risk of accidents.
jonwig: Final results: The important ratios seem to be within target range. Special dividend absent, but unless something very unexpected happens it could be added to the next interim. I guess companies which are too generous to their shareholders (or their directors)will attract adverse comment.
Sabre Insurance share price data is direct from the London Stock Exchange
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