No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Sabre Insurance saw its profit more than double in 2024, leading management to hike the dividend pay-out by nearly half.
Profit before tax was ahead by 105.9% to 48.6m on an IFRS basis.
That saw the motor insurer's return on tangible equity surge by 15.5 percentage points to an annualised rate of 38.2%.
The business's combined operating ratio meanwhile fell by 7.4 percentage points to 84.2%.
The total dividend was increased by 44% to reach 13.0p.
As of 0834 BST shares of Sabre Insurance were climbing 8.87% to 135.0p, having earlier reached an intra-session high of 137.80 - their best level since mid-January roughly.
-- More to follow --
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.