Saga – Getting Ready To Sail Again As Premiums Fall
In a brief trading update Saga PLC (LON:SAGA) said insurance policy sales were down around 2% in the key motor and home markets, though recent improvements mean sales are expected to be flat at the half year. Travel policies are down about 5%. Customer retention was 80% and margins per policy were in line with last year at £74 per policy. Q1 2021 hedge fund letters, conferences and more A Further Boost In Current Year Loss RatioThe Insurance Underwriting division is recording fewer motor claims, which ought to boost the group’s current year loss ratio by around 5 percentage points. Saga is als...