Sabre Insurance Group (SBRE) Q3 2025 TU earnings summary

Executive summary

• Full-year profit guidance reiterated, with profits expected to be in line with 2024 despite subdued market pricing.

• Ambition 2030 initiatives progressing well, unaffected by current market weakness.

• Focus remains on margin over volume, supporting robust capital position and profitability.

Financial highlights

• Gross written premium for nine months ended 30 September 2025 was £151.7m, down 18.7% year-over-year.

• Motor vehicle premiums fell 19.6%, motorcycle premiums rose 6.1%, and taxi premiums declined 22.0% compared to the same period last year.

• £5 million share buyback programme completed.

Outlook and guidance

• Full-year profit expected to match 2024, with net insurance margin within target range of 18%-22%.

• Premium out-turn for the year anticipated to be healthy but slightly reduced as focus remains on absolute profit.

• Good profitability expected beyond 2025 as Ambition 2030 is delivered.