December 21, 2014 8:08 AM ET

Insurance

Company Overview of Saga Group Limited

Company Overview

Saga Group Limited, through its subsidiaries, provides financial and insurance products. It offers travel, car, breakdown cover, life, home, caravan, travel, motorhome, health, motorbike, mortgage, home emergency, van, accidental death benefit, personal accident, and pet insurance products. The company also offers legal services such as wills and estate planning, probate, conveyancing, and legal essentials; credit cards, savings accounts, financial planning, share dealing, international payments, and individual savings account mortgage services; and live-in care, visiting care, and respite care services for people over fifty years of age. In addition, it organizes holidays and cruises. The c...

Enbrook Park

High Street

Sandgate

Folkestone,  CT20 3SE

United Kingdom

Founded in 1951

Phone:

44 1303 771 111

Fax:

44 1303 771 347

Key Executives for Saga Group Limited

Director of Communications
Compensation as of Fiscal Year 2014.

Saga Group Limited Key Developments

Saga Reports Group and Parent Earnings Results for the Six Months Ended July 31, 2014

Saga reported group and parent earnings results for the six months ended July 31, 2014. For the period, on company basis, the company's pre-tax profit at the company dropped by £60 million. The company reported a 15.2% increase in operating profit to £110 million against £95.5 million a year ago. Group profit before tax on a like-for-like basis increased 14.9% to £106.5 million against £92.7 million a year ago. Group trading Ebitda also increased, by 9.7%, to £130.4 million from £118.9 million for the same period in 2013.

Saga Plans Listing

Saga Limited is planning a listing valuing it about $5.1 billion, two sources familiar with the matter said. Saga expects to at least £750 million assuming the London Stock Exchange's minimum free float of 25% and the company will announce its intention to float next week, sources said. Bank of America Merrill Lynch and Goldman Sachs will lead the deal, with Credit Suisse and Citi will be jint bookrunners, one of the sources said. "We are preparing ourselves for a potential IPO," said Paul Green, Director of communication.

Saga Group And Automobile Association May Get Listed

Acromas Holdings Ltd., Owner of Saga Group Ltd. and The Automobile Association Limited, may go list one or both of the businesses. Acromas isd backed by Charterhouse Capital Partners LLP, CVC Capital Partners Limited and Permira Advisers Ltd.

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