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Sabre Insurance Group plc
(LSE:SBRE)
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Rating:72Outperform
Price Target:
184.00 p
▲(7.10% Upside)
Action:Reiterated
Date:10/21/26
The score is driven primarily by solid financial fundamentals (strong recent revenue/earnings recovery and an exceptionally low-leverage balance sheet) and supportive earnings-call guidance pointing to margin recovery and slightly higher full-year profit. Valuation also helps due to the combination of a moderate P/E and a very high dividend yield. The main offset is weaker near-term technicals (price below key shorter-term averages and low RSI) alongside ongoing margin/loss-ratio volatility highlighted in the call.
Positive Factors
Premium and policy growth
Strong premium and policy growth indicates expanding customer volumes and distribution reach in Sabre’s targeted motor segments. If underwriting discipline is maintained, this larger policy base can support recurring revenue growth and improve operating leverage as premiums earn through.
Negative Factors
Margin volatility
The margin decline shows that profitability remains sensitive to premium-earning timing, investment spending and expense absorption. Although management expects recovery, sustained execution is needed to return to the 18–22% target range and demonstrate that improved margins are structurally repeatable.
Read all positive and negative factors
Positive Factors
Negative Factors
Premium and policy growth
Strong premium and policy growth indicates expanding customer volumes and distribution reach in Sabre’s targeted motor segments. If underwriting discipline is maintained, this larger policy base can support recurring revenue growth and improve operating leverage as premiums earn through.
Read all positive factors
Sabre Insurance Group plc (SBRE) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£415.75M
Dividend Yield8.25%
Average Volume (3M)541.60K
Price to Earnings (P/E)11.4
Beta (1Y)0.47
Revenue Growth-10.22%
EPS Growth-5.62%
CountryUK
Employees167
SectorFinancial
Sector Strength70
IndustryInsurance - Brokers
Share Statistics
EPS (TTM)0.15
Shares Outstanding243,730,000
10 Day Avg. Volume793,619
30 Day Avg. Volume541,595
Financial Highlights & Ratios
PEG Ratio1.21
Price to Book (P/B)1.25
Price to Sales (P/S)1.40
P/FCF Ratio7.41
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£188.00Price Target Upside9.43% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)0.16
Revenue Forecast (FY)£231.67M
Sabre Insurance Group plc Business Overview & Revenue Model
Company Description
Sabre Insurance Group plc, through its subsidiaries, specializes in underwriting motor vehicle and motorcycle insurance policies throughout the United Kingdom. The company offers its coverage via two main channels: a network of independent insuran...
Sabre Insurance Group plc Earnings Call Summary
Earnings Call Date:Aug 04, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Mar 16, 2027
Earnings Call Sentiment Positive
The call conveyed strong operational momentum: robust gross written premium growth (+15.7% YoY), healthy policy count expansion (+16.5% YoY), product-level progress (motor profitability and +50%+ motorcycle premium), a strong solvency position (161.4%) and an increased interim dividend (+20%). The main near-term weaknesses were an H1 net insurance margin compression to 15.7% driven by a higher expense ratio (29.9%) and elevated current-year loss ratio (66.5%) due to timing, seasonality and some large claims. Management provided clear remediation plans (earn-through of premium reducing expense ratio, expectation margin will return to 18%–22% by year-end), reiterated underwriting discipline and confirmed coverage of forward-looking claims inflation. On balance, highlights outweigh the lowlights.Positive Updates
Top-line Growth
Gross written premium increased 15.7% year-on-year to GBP 116.0m, with motor vehicle policy count up 16.5% YoY, indicating strong volume growth while maintaining underwriting discipline.
Negative Updates
Compression in Half‑Year Margin
Net insurance margin fell from 19.2% in 2025 to 15.7% in H1 2026, principally driven by an elevated expense ratio of 29.9% (up due to lower earned premium from 2025 volumes and continued investment in people/technology).
Read all updates
Q2-2026 Updates
Positive
Negative
Top-line Growth
Gross written premium increased 15.7% year-on-year to GBP 116.0m, with motor vehicle policy count up 16.5% YoY, indicating strong volume growth while maintaining underwriting discipline.
Read all positive updates
Company Guidance
The company reiterated full‑year guidance that profit will be slightly higher than 2025 and that the net insurance margin, currently 15.7% in H1 (down from 19.2% in 2025), is expected to snap back into the target 18–22% range by year‑end as higher 2026 premiums (gross written premium +15.7% YoY to £116m; policy count +16.5% YoY) earn through and the expense ratio (29.9% in H1) improves; H1 profit before tax was £23.9m, net loss ratio 55.7% (current year 66.5%, prior year release 10.8%), Motor loss ratio 52%, Taxi 48.2%, Motorcycle premium +50% YoY (small portfolio volatility), solvency coverage stands at 161.4% after a £5m buyback and an interim dividend up 20% to 4.1p (from 3.4p), reinsurance XOL retention is just over £1m, and management continues to price to fully cover forward‑looking claims inflation (mid‑single digits, ~6–7%) while targeting ordinary dividend payout of ~70–80% PAT and Ambition 2030 profit ambition of ~£80m by 2030.Sabre Insurance Group plc Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
88
Very Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 223.98M | 230.35M | 223.18M | 193.25M | 184.95M | 159.43M |
| Gross Profit | 155.39M | 230.35M | 223.18M | 156.93M | 144.23M | 147.78M |
| EBITDA | 49.62M | 51.14M | 48.75M | 23.75M | 14.32M | 37.60M |
| Net Income | 36.93M | 37.91M | 35.96M | 18.07M | 11.08M | 30.14M |
Balance Sheet | ||||||
| Total Assets | 728.47M | 730.26M | 665.81M | 630.14M | 459.66M | 479.35M |
| Cash, Cash Equivalents and Short-Term Investments | 47.40M | 25.48M | 342.50M | 35.08M | 18.50M | 30.61M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 193.00K |
| Total Liabilities | 482.92M | 472.40M | 407.46M | 387.73M | 237.16M | 226.62M |
| Stockholders Equity | 245.54M | 257.86M | 258.35M | 242.41M | 222.50M | 252.73M |
Cash Flow | ||||||
| Free Cash Flow | 50.13M | 43.57M | 22.07M | 23.68M | 19.36M | 33.28M |
| Operating Cash Flow | 50.39M | 43.83M | 22.07M | 25.34M | 19.40M | 33.31M |
| Investing Cash Flow | 2.42M | -7.20M | 0.00 | -1.67M | -38.00K | -28.00K |
| Financing Cash Flow | -41.04M | -42.47M | -25.83M | -7.10M | -31.47M | -40.58M |
Sabre Insurance Group plc Technical Analysis
Neutral
171.80
Price Trends
172.87
Negative
172.66
Negative
155.30
Positive
Market Momentum
-1.04
Positive
48.79
Neutral
32.58
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:SBRE, the sentiment is Neutral. The current price of 171.8 is below the 20-day moving average (MA) of 174.22, below the 50-day MA of 172.87, and above the 200-day MA of 155.30, indicating a neutral trend. The MACD of -1.04 indicates Positive momentum. The RSI at 48.79 is Neutral, neither overbought nor oversold. The STOCH value of 32.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:SBRE.
Sabre Insurance Group plc Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | £1.67B | 7.18 | 21.73% | 16.14% | -1.60% | 36.00% | |
72 Outperform | £415.75M | 11.37 | 14.67% | 8.25% | -10.22% | -5.62% | |
70 Outperform | £170.90M | 6.67 | 14.88% | 2.69% | ― | ― | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
59 Neutral | £791.56M | 146.15 | 0.25% | 6.71% | 192.47% | ― | |
56 Neutral | £1.25B | 53.42 | 23.50% | 5.24% | 36.66% | ― |
* Financial Sector Average
GB:SBRE
Sabre Insurance Group plc
172.20
49.42
40.26%
GB:CSN
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342.00
86.17
33.68%
GB:HUW
Helios Underwriting
260.00
50.84
24.31%
GB:LRE
Lancashire Holdings
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130.07
23.38%
GB:SAGA
Saga plc
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228.33%
Sabre Insurance Group plc Corporate Events
Business Operations and StrategyDividendsFinancial Disclosures
Sabre Insurance lifts premiums and reaffirms profit outlook despite claims inflation
Positive
Oct 20, 2026
Sabre Insurance Group reported a 14.3% rise in gross written premiums to £173.4m for the first nine months of 2026, driven by 16.5% growth in core motor vehicle policies and a 52.9% surge in motorcycle premiums, though taxi premiums fell shar...
Business Operations and StrategyRegulatory Filings and Compliance
Sabre Executives Add to Holdings via Share Incentive Plan
Positive
Oct 13, 2026
Sabre Insurance Group plc has disclosed that three senior executives, including chief executive Geoff Carter, increased their holdings in the company through its HMRC-approved Share Incentive Plan. Carter, claims director Trevor Webb and chief act...
Business Operations and Strategy
Sabre Insurance Adds Berenberg as Joint Corporate Broker
Positive
Sep 22, 2026
Sabre Insurance Group plc has appointed Joh. Berenberg, Gossler Co KG’s London branch as a joint corporate broker with immediate effect, strengthening its roster alongside existing brokers Barclays and Panmure Liberum. The move underscores ...
Regulatory Filings and Compliance
Sabre Insurance CEO Geoff Carter Sells Small Stake in Motor Insurer
Neutral
Sep 17, 2026
Sabre Insurance Group plc disclosed that Chief Executive Officer Geoff Carter sold 9,330 ordinary shares on 17 September 2026 at an average price of 176.46 pence per share on the London Stock Exchange. Following this transaction, Carter continues ...
Regulatory Filings and Compliance
Sabre Insurance CFO trims stake with sale of 10,976 shares
Neutral
Sep 17, 2026
Sabre Insurance Group plc has disclosed that Chief Financial Officer Adam Westwood sold 10,976 ordinary shares in the company on 16 September 2026 at an average price of about 176 pence per share. Following the sale, Westwood still holds 862,482 s...
Business Operations and StrategyRegulatory Filings and Compliance
Sabre executives add shares under HMRC-approved incentive plan
Positive
Sep 11, 2026
Sabre Insurance Group plc disclosed that three senior executives increased their holdings in the company through its HMRC-approved Share Incentive Plan. Under the scheme, employees purchase partnership shares from salary deductions and receive add...
Regulatory Filings and Compliance
Sabre Insurance Confirms 243.7 Million Voting Rights in Updated Capital Disclosure
Positive
Sep 1, 2026
Sabre Insurance Group plc has confirmed that, as of 1 September 2026, its issued and fully paid share capital comprises 243,730,000 ordinary shares, each carrying one vote, giving a total of 243,730,000 voting rights in the company. The company ho...
Regulatory Filings and Compliance
Sabre Insurance Discloses Share Sale by Chief Risk Officer
Neutral
Aug 18, 2026
Sabre Insurance Group plc reported that Chief Risk and Governance Officer Anneka Kingan sold 10,175 ordinary shares in the company on 18 August 2026 at an average price of 172.29 pence per share. Following the transaction, Kingan retains 170,455 s...
Regulatory Filings and Compliance
Sabre executives boost holdings through employee share plan
Positive
Aug 11, 2026
Sabre Insurance Group plc has disclosed that its chief executive Geoff Carter, claims director Trevor Webb and chief actuary Matt Wright have each increased their holdings in the company through its all-employee Share Incentive Plan. Under the HMR...
Regulatory Filings and Compliance
Sabre Insurance Discloses Share Sale by Chief Risk and Governance Officer
Neutral
Aug 6, 2026
Sabre Insurance Group plc disclosed that Chief Risk and Governance Officer Anneka Kingan sold 10,976 ordinary shares in the company on 6 August 2026 at an average price of 176.63 pence per share. Following this transaction, Kingan’s holding ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Sabre Insurance trims share count with latest buy-back cancellation
Positive
Aug 5, 2026
Sabre Insurance Group plc has executed another tranche of its previously announced share buy-back programme, purchasing 74,685 ordinary shares for cancellation on 4 August 2026 at an average price of 178.96 pence. The transaction, carried out thro...
Business Operations and StrategyStock Buyback
Sabre Insurance Completes £5 Million Share Buyback and Cancels 2.87 Million Shares
Positive
Aug 5, 2026
Sabre Insurance Group plc has completed its previously announced on-market share buyback programme, repurchasing 2,870,000 ordinary shares for a total consideration of £5 million. The average repurchase price was 174.05 pence per share, refle...
Stock BuybackRegulatory Filings and Compliance
Sabre Insurance Cuts Share Count as Buy-Back Programme Progresses
Positive
Aug 4, 2026
Sabre Insurance Group plc has continued executing its previously announced share buy-back programme, repurchasing and cancelling a series of ordinary shares between 28 July and 3 August 2026 through Panmure Liberum Limited. Following these transac...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Sabre Insurance Delivers H1 Premium Surge as Ambition 2030 Gains Traction
Positive
Aug 4, 2026
Sabre Insurance Group reported a strong first half of 2026, with gross written premiums rising more than 15% year-on-year and motor vehicle premiums up over 18%. Despite a lower interim net insurance margin of 15.7% and an elevated expense ratio t...
Regulatory Filings and Compliance
Sabre Insurance Confirms 244.3 Million Voting Shares in Issue
Neutral
Jul 31, 2026
Sabre Insurance Group plc has confirmed that as of 31 July 2026 its issued and fully paid share capital comprises 244,328,108 ordinary shares, each carrying one voting right. The company also stated it holds no ordinary shares in treasury, meaning...
Stock BuybackRegulatory Filings and Compliance
Sabre cancels 150,000 shares in latest buyback tranche
Positive
Jul 28, 2026
Sabre Insurance Group plc has repurchased and cancelled 150,000 ordinary shares as part of its previously announced share buyback programme, executed through Panmure Liberum at prices around 186.3p to 186.7p per share. Following these transactions...
Stock BuybackRegulatory Filings and Compliance
Sabre Insurance trims share count with latest buy-back cancellations
Positive
Jul 21, 2026
Sabre Insurance Group plc has continued its previously announced share buy-back programme, repurchasing a total of 227,270 ordinary shares between 14 and 20 July 2026 via broker Panmure Liberum. The transactions, executed at prices around 182.60p ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.