Earnings release
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RNS Number : 5641ZSabre Insurance Group PLC20 October 2026 20 October 2026 Sabre Insurance Group plc Trading Update Full-year profit guidance reiterated as premium growth continues Sabre Insurance Group plc (the "Group" or "Sabre"), one of the UK's leading motor insurance underwriters, todayprovides an update on trading for the period from 1 July 2026 to 30 September 2026. Unaudited Nine months ended 30 September Year ended 31 December 2026 2025 % Change 2025 Gross written premium - Motor Vehicle £155.1m £133.1m 16.5% £180.1m Gross written premium - Motorcycle £13.3m £8.7m 52.9% £10.6m Gross written premium - Taxi £5.0m £9.9m (49.5%) £12.2m Gross written premium - Total £173.4m £151.7m 14.3% £202.9m Key Highlights ‒ Premium growth of 14.3% year-on-year, with the key strategic Motor Vehicle and Motorcycle segments growing 16.5% and 52.9% respectively ‒ Claims inflation is being covered in Sabre's pricing, with underwriting discipline maintained ‒ Margin improvement expected in the second half of 2026 supported by earn-through of strong premium written in the first half ‒ Ambition 2030 target to deliver a profit before tax of at least £80m in 2030 remains on track ‒ Continued roll-out of Sabre Direct motorcycle, a core element of Ambition 2030, has driven the increase in Motorcycle premium Market trends ‒ Claims inflation has persisted at between 6% and 7% during 2026 ‒ Market-wide motor insurance premiums increased year-to-date, although pricing does not appear to have kept up with the level of claims inflation ‒ Material market-wide price increases are likely to be required to cover claims inflation, which we expect to provide additional momentum to our growth, although the timing remains uncertain Outlook ‒ Full-year earnings guidance reiterated, with profit before tax for 2026 expected to be slightly higher than 2025 ‒ Year-on-year premium growth is expected for the full-year, although growth is likely to moderate in the final quarter as Sabre's pricing discipline is maintained ‒ Strong capital generation anticipated to support attractive dividend for the full year ‒ We continue to anticipate growing premium volumes and earnings into the medium term, with timing influenced by market conditions ‒ Expect undiscounted net insurance margins for 2026 within our target 18% to 22% range Geoff Carter, Chief Executive Officer of Sabre, commented: "I am very pleased with our performance through the first nine months of 2026. Our continuing focus on "profit as thetarget and volume as an outcome" underpins our confidence in delivering a strong full-year result, which we expect willbe slightly ahead of 2025. We have maintained pricing discipline, strong premium volumes and a robust solvency position despite continuing weakmarket conditions.
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We will continue to apply this discipline and focus as we move into 2027 rather than pursue volume for its own sake. Claims inflation continues to run slightly ahead of historical norms at 6% to 7%, but we do not see market premiumsyear-to-date keeping pace with this level of cost increase. Sabre is fully covering this through our own pricing, whilstdelivering good premium volumes. Our Ambition 2030 plans continue to progress well as we test and roll-out our various initiatives. The combination of ourshort-term discipline and longer-term growth ambition leave us well positioned to deliver sustainable performance andearnings growth over time." For the year ending 31 December 2026 onwards, the reported segments for Motor Vehicle and Taxi will be combinedinto a single operating segment, "Motor Vehicle", better reflecting the Group's strategic focus. The table below presentsthe current period and comparative premium information on this basis. Unaudited Nine months ended 30 September Year ended 31 December 2026 2025 % Change 2025 Gross written premium - Motor Vehicle £160.1m £143.0m 12.0% £192.3m Gross written premium - Motorcycle £13.3m £8.7m 52.9% £10.6m Gross written premium - Total £173.4m £151.7m 14.3% £202.9m Investor enquiries 01306 747 272 Sabre Insurance Group plc Geoff Carter / Adam Westwood Media enquiries 020 7353 4200 Teneo sabre@teneo.com James Macey White / Ffion Dash LEI Code: 2138006RXRQ8P8VKGV98 This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authorityto act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this informationmay apply. For further information, please contact rns@lseg.com or visit www.rns.com. RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the informationcontained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. Forfurther information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END