Saga is a wake-up call for UK insurers

Saga said on April 4 it expected annual underlying pre-tax profit to be between 105 million pounds and 120 million pounds in the 2019-20 financial year. That compares with 180.3 million pounds for the financial year to Jan. 31, 2019.

The company, which specialises in products and services for those aged over 50, cut its final dividend to 1 pence per share compared with 6 pence last year. Saga said it was overhauling its strategy in response to increasing challenges in the markets in which it operates, especially in insurance.

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Outlook for UK business darkens fast ahead of Brexit, BCC warnsFading exports and worsening finances spurred a darker outlook for British compa... It has only been a matter of when, not if. you reap what you sew. This is the most epic own goal of modern times by the Brits. On a par with going to war with their own colonies in 1774. HELLO isolationists are STUPID , HELLO Why not, just stay in the EU? This is causing more trouble, and economic hardship, than it's worth. Admit, you fucked up, and ask to stay. Anything less, is a mistake.
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