Sabre Insurance Group (LSE:SBRE) delivered solid premium growth during the opening months of 2026, with total gross written premiums increasing more than 15% to £76.3 million over the first four months of the year. Growth was led by the motor insurance division, where premiums rose 18%, while motorcycle premiums climbed almost 48%, supported in part by the continued rollout of the company’s Sabre Direct offering. Taxi insurance premiums declined as management continued to avoid segments of the market considered commercially unattractive.
The insurer said its competitive position strengthened after it updated claims inflation assumptions toward the end of 2025, helping maintain written margins within its target range of 18% to 22%. Management added that market conditions remain competitive but are showing signs of stabilisation.
Sabre reiterated its full-year expectations, forecasting continued premium expansion and profits slightly ahead of 2025 levels. The company said its outlook is supported by disciplined pricing, a strong solvency position following dividend payments and claims inflation trends that remain in the mid-single-digit range.
The group also noted it remains prepared to adjust pricing if geopolitical developments lead to increased claims costs or wider inflationary pressures. Meanwhile, progress continues under its Ambition 2030 strategy, which includes enhancements to pricing capabilities and the expansion of Sabre Direct. Management expects the programme to begin delivering more meaningful benefits from 2027 onwards.
Sabre said its outlook continues to be supported by a strong balance sheet with minimal leverage, improved earnings momentum and attractive valuation metrics, including a low price-to-earnings ratio and supportive dividend yield. Technical indicators remain broadly constructive, although the shares’ elevated RSI level suggests some potential for near-term overbought conditions.
More about Sabre Insurance Group plc
Sabre Insurance Group plc is a UK-based motor insurance underwriter specialising in motor vehicle, motorcycle and taxi insurance products. The company focuses on disciplined underwriting and profitability within competitive personal lines markets, supported by strong capital reserves and ongoing investment in pricing sophistication through its Ambition 2030 strategy.
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