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Insurer reports deeper pre-tax losses in first half but says deal puts solvency in a ‘very healthy position’
Payouts come after chief executive left this year following string of profit warnings and dividend cut
Announcement comes a week ahead of results as insurer tries to recover from string of profit warnings
FCA orders motor insurer to go through five years of payouts for written-off vehicles
Those with an eye on the top job ought to keep the other one on rival Admiral
Rising costs of repairing damaged vehicles add to difficulties for UK insurer despite 19% increase in premiums
It feels like some companies just don’t want my business
Companies analysis from our sister publication
Group swings to loss as cost of motor insurance claims spiralled because of higher parts and labour costs
Pressure had been building on the group after it scrapped its dividend earlier this month
Company’s failure to see potholes ahead is disappointing
Freezing temperatures in December are latest blow to insurance group
Saga’s shares are down a quarter, with other motor insurance groups also losing ground
Deliveroo and Direct Line point to looming problems and profit warnings across multiple sectors
Higher used car prices, more expensive parts and longer repair times are pushing up claims costs
Insurer cancels share buybacks as higher prices for car parts and used vehicles weigh on earnings
Insurer warns rising cost of claims is not reflected in market prices
One of UK’s largest motor insurers says cost of claims is running beyond expectations
Group says frequency of motor insurance claims is lagging even as drivers return to the roads
Insurer’s shares rise as first-half results beat analysts’ expectations
Claims drop sharply during UK’s lockdown but traffic has started to rise again
Fund house sees to unfinished business one year on from former star’s fall from grace
Cancelling payouts should not become a loyalty test
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