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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
Companies analysis from our sister publication
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
UK insurers bow to regulatory pressure but L&G has said it would push ahead with payout
FTSE 250 group encouraged by car insurance prices rising at same pace as payouts
Groups reveal cost cuts as customers go digital, while Virgin Money also reduces roles
Personal insurance industry faces rising claims expenditure and weak premiums growth
Chief executive Penny James to expand business as part of new cost-cutting strategy
Insurer takes £17m charge after UK decision to reset how compensation is calculated
Digital banking group is raising money but attracting scrutiny from regulators
UK insurer is now an incumbent in a fiercely competitive sector
Group looks to strengthen balance sheet, citing ‘political uncertainty’
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