Sabre Insurance Group plc achieved gross written premium of £100.3m for the six months to 30th June 2025. This was down on the £125.7m recorded in the same period last year. However, profit after tax was up from £15.1m in H1 2024, to £18.9m in the first six months of this year. Sabre’s combined operating ratio also improved from 86% to 82.6%.

The motor insurer said it was confident it would deliver a profit before tax of at least £80m in 2030. In 2024, its profit before tax was £48.6m.

Geoff Carter, chief executive officer of Sabre, said: “I am very pleased with our position at the halfway point of the year. We have continued to write measured but healthy volumes of business at our target loss ratios through the continued soft part of the market pricing cycle. We have maintained cautious claims inflation assumptions, and focussing on margins not volumes will help protect us against any external macro shocks.”

Carter said he expected Sabre to begin testing differentiated car insurance rates in the second half of the year.