Sabre reveals flat set of results for 2018
Post-tax profit drops slightly as GWP remains flat at £210m.
Sabre Insurance has published a profit after tax to £50.1m in 2018, a small drop from the £53.3m it reported in 2017.
In addition, the provider’s combined operating ratio deteriorated slightly to 70.6% in 2018 from 68.5% in the preceding year.
Meanwhile its gross written premium remained flat at £210.0m (2017: £210.7m).
Environment
Sabre explained that the decrease in profit was a result of an “exceptional loss ratio in 2017 and an environment in 2018 not conducive to growth”.
It added that
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