Sabre Group doubles full-year profit, hikes dividend

(Sharecast News) - Sabre Insurance saw its profit more than double in 2024, leading management to hike the dividend pay-out by nearly half. Profit before tax was ahead by 105.9% to £48.6m on an IFRS basis.

That saw the motor insurer's return on tangible equity surge by 15.5 percentage points to an annualised rate of 38.2%.

The business's combined operating ratio meanwhile fell by 7.4 percentage points to 84.2%.

The total dividend was increased by 44% to reach 13.0p.

As of 0834 BST shares of Sabre Insurance were climbing 8.87% to 135.0p, having earlier reached an intra-session high of 137.80 - their best level since mid-January roughly.

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