Sabre top line suffers as motor insurer pushes through 10% price increases in 2020
Sabre CEO Geoff Carter has defended the insurer’s falling profits and premiums, saying that pricing increases pursued throughout 2020 stand it in good stead to take advantage of growth opportunities going forwards.
Since going public in December 2017, Sabre has seen its profits and gross written premiums shrink for three years in row. In 2020, its pre-tax profits were down 13% to £49.1m, while premiums were down
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