Sabre Insurance reports £23.9 million pre-tax profit for H1 2026, down slightly, with margins pressured by growth timing.
Sabre Insurance Group (LON:SBRE) posted a 15.7% year-over-year increase in gross written premiums to £160 million for the first half of 2026. Pre-tax profit reached £23.9 million, slightly below the prior-year period, as new business earnings lagged policy writing timing.
The insurer’s net insurance margin fell to 15.7% from 19.2%, attributed to the timing of revenue recognition for newly written policies. Management expects margins to rebound to the 18%-22% target range by year-end, citing strong growth in motorcycle premiums, which rose over 50%.
Sabre raised its interim dividend by 20% to 4.1 pence per share and maintained a solvency ratio of 161.4%. The company reaffirmed confidence in exceeding 2025 full-year profit levels while advancing its Ambition 2030 strategy.