Saga guides towards FY CR of 125% while H2 profit remains on track

London-listed over 50s insurer Saga has released a trading update guiding investors to a higher than previously forecast combined operating ratio of 125 percent for the financial year while pointing to a profit before tax of between £20mn and £30mn in the period from 1 August 2022 to 23 January 2023 which remains in line with previous guidance.

 

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