Sabre Insurance Group reports lower half-year numbers

It’s the turn of Sabre Insurance Group Plc to reveal how it has fared so far in 2019. Releasing its half-year results this morning, the UK private motor insurance underwriter said it posted a pre-tax profit of £30.5 million, which is lower than the £32 million recorded (on an adjusted basis: £32.5 million) in the same six-month period in 2018. Profit after tax, meanwhile, for the six months ended June 30 amounted to £24.7 million. The figure also represents a decline from last year’s £25.8 million (adjusted: £26.1 million). As for Sabre’s gross written premium (GWP) in the first six months of 2019, the total stood at £101.2 million. At the halfway mark in 2018, GWP reached £108.8 million. Combined operating ratio this time around was 71.5%, compared to 68.6% previously.