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Saga posts steady trade due to cruises, car insurance

Saga posts steady trade due to cruises, car insurance

Saga posts steady trade due to cruises, car insurance Insurer Saga has been trading steadily in the past three months due to holidays and insurance for older Britons.
 
The company has sustained “solid” progress in both its insurance and travel businesses since February, according to a report by The Telegraph.
 
“We have made a good start to the year across our core trading divisions,” the news agency quoted Saga chief executive Lance Batchelor as saying.
 
“We continue to focus on our strategic objectives and remain on track to deliver on the targets we set out at our preliminary results,” he added.
 
In April, the firm released its full-year results, which showed a 55% increase in profits to £176.2 million.
 
The Telegraph reported that the company insures more than a million motorists, who are mostly over 50 years old.
 
Saga also took 189,000 people on holiday in the year to the end of January, the report added.
 
The insurer has also revealed that it plans to expand its services aimed at wealthier, older Britons with the recent launch of an investment services business, a retirement homes pilot and motorbike insurance.
 
Saga’s new cruise ship is under construction and will begin sailing in 2019, The Telegraph also reported.
 

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