SAGA Investor Update
Insurance cash flows expected to remain resilient
Some areas of potential downside
•
•
Although we do not underwrite travel insurance, we expect demand for travel insurance to decline
significantly in the next 6 months
Motor claims costs exposed to supply chain issues
Full service PMI proposition may be temporarily impacted, and mid-term claims costs may significantly
increase
Neutral factors
.
AICL solvency II ratio estimated to be slightly above 140% at the end of March, in line with planning
assumptions; no change to dividend plans
Some areas of potential upside
•
Prudent reserving position
•
•
Motor claims frequency likely to decline in short term
Customer retention on 3 year fixed product
Strong operational position and good momentum
SAGA
Investor update 2 April 2020
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