Sabre Insurance is on Track for 2030 Targets, Ready for Pricing to Turn

Dow Jones10-20 14:44

0644 GMT - Sabre Insurance Group is well positioned to meet its 2030 targets, but the market hasn't reflected that yet in its rating, Panmure Liberum's Abid Hussain and Lucy Williams write. The U.K. motor-insurance provider notes the pace of growth is slowing as it fully prices in forward-looking claims inflation, which the market has yet to do. "This means material price increases are still required across the broader industry, which should provide an additional compounding layer of profitable growth as pricing turns," Panmure says. Sabre's growth in profitable policy count, with margins within the target range, means the company is in a good place to meet its 2030 strategy targets. Sabre is a corporate broking client of Panmure.

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