Thumbs up

Saga said it has made a good start to the year across its core trading divisions in the period from 1 February to 20 June 2016.

In a trading update announced today, the over-50s insurers said it was also on track to achieve its target for the year ending 31 January 2017.

Saga added it continued to make good progress on its strategic priorities:

  • Solid trading across the core insurance and travel businesses
  • Investing in growth through the ongoing development of opportunities in emerging businesses
  • Maintaining Saga’s ”simple and efficient” operating model with the implementation of the Quota Share agreement and the motor panel
  • Continuing to progress group initiatives to be a more customer-driven business

Chief executive Lance Batchelor said: “We have made a good start to the year across our core trading divisions. We continue to focus on our strategic objectives and remain on track to deliver on the targets we set out at our preliminary results on 19 April 2016.”

The group plans to announce its interim results on 21 September 2016.