Sabre reports dip in profit for 2021
Provider delivers a combined operating ratio of 79.4%.
Sabre has posted a post-tax profit of £30.1m for 2021, down from £39.8m the year before.
The business flagged that profit before tax of £37.2m was in line with expectations against a background of soft market conditions and Covid-related pressure on the top-line.
The insurer’s gross written premium dipped from £173.2m in 2020 to £169.3m.
According the provider, the start of the year was similar to during the pandemic in 2020 with low numbers of potential new customers coming onto the market.
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