It looks like the ESURE applications have been scaled back - unfortunately to an amount that is hardly worth the bother. (40% @£2.90).

Esure Website

Sheila's Wheels Website

Recent Broker notes

BarChart Indicators

Recent Market news

Esure Fundamentals (ESUR)

Not a good start!

Exane BNP Paribas Underperform 274.20 - 271.00 Initiates/Starts

Exane BNP Paribas Neutral 0.00 271.00 267.00 Upgrades

Deutsche Bank Buy 0.00 340.00 300.00 Reiterates

JP Morgan Cazenove Overweight 0.00 340.00 340.00 Reiterates

Esure Group: Deutsche Bank reduces target from 340p to 300p, while keeping a buy recommendation. Exane shifts target from 271p to 267p, while upgrading to neutral. Canaccord Genuity cuts target from 330p to 270p and stays with its buy recommendation

esure: JP Morgan reduces target from 340p to 305p, while keeping an overweight rating

Interim Management Statement

On track to meet market expectations for the full year despite challenging market conditions

Highlights

· Gross written premiums year-to-date up 4.8% to £427.0m (YTD Q3 2012: £407.6m) - motor up 4.8% and home up 4.2%
· Gross written premiums for Q3 up 1.7% to £161.5m (Q3 2012: £158.8m) - motor up 1.8% and home up 1.3%
· Total in-force policies at 30 September 2013 of 1.906 million (FY 2012: 1.759 million)
· Additional Services Revenue1 ("ASR") year-to-date up 0.4% to £79.3m (YTD Q3 2012: £79.0m)
- ASR excluding Claims Income up 7.5% to £72.7m (YTD Q3 2012: £67.6m)
· The financial position remains strong and the Group remains debt-free.

On the move +4.9%.

The recovery seems to be underway!

Hmmmm....you could have said the same thing in early Sept & early Oct!

Yes, but that was before the latest RNS!

Also need to consider the latest broker views:
14 Nov Canaccord... 255.00 Buy
14 Nov JP Morgan... 300.00 Overweight
14 Nov Deutsche Bank 300.00 Buy

JP Morgan Cazenove Overweight 248.60 300.00 300.00 Reiterates

Still climbing back up!

27 Nov 2013 Esure Group ESUR Deutsche Bank Buy 254.20 253.00 300.00 300.00 Reiterates

SP TARGET 300p

Up almost 15% today!

Looking to fill the gap.

Insurance group esure will announce its 2013 preliminary results on 11 March.

Results for the year ended 31 December 2013

Strong, resilient financial performance delivered in 2013 despite challenging market conditions.

Financial highlights

· Gross written premiums up 4.0% to £535.8m (2012: £515.0m)
· In-force policies up 9.9% to 1.933 million (2012: 1.759 million)
· Profit before tax up 2.5% to £118.4m (2012:£115.5m)
· Combined operating ratio1 improved by 3.1ppts to 89.7% (2012: 92.8%)
· Additional Services Revenue ("ASR")2 broadly flat at £103.9m (2012: £104.1m)
- ASR excluding Claims Income2 up 7.9% to £95.7m (2012: £88.7m)
· Pro forma earnings per share3 up 5.8% to 22.4 pence (2012: 21.1 pence)
· Final dividend of 13.3 pence per share (FY 2012: nil). Full year dividend of 15.8 pence per share (2012: nil) represents an annualised pro forma payout ratio of 85%6
· Return on capital employed4 of 37.7% (2012: 37.0%)
· Strong financial position with IGD5 coverage of 308%, after the final dividend

Ex-divi 9th Apr 2014 (13.3p)

01 May 2014

esure Group plc notice of 2014 Q1 Interim Management Statement

esure Group plc announces that its 2014 Q1 Interim Management Statement will be released on Wednesday 7 May 2014 at 7.00am (UK time).

This announcement will be available on www.esuregroup.com

Interim Management Statement

Highlights


· Total in-force policies increased 9.5% year-on-year and 1.5% in the quarter to 1.962m as at 31 March 2014 (Q1 2013: 1.791m, FY 2013: 1.933m)

· Gross written premiums broadly flat at £123.5m (Q1 2013: £124.2m), with Motor and Home down 0.5% and 1.0% respectively

· Additional services revenues ("ASR")1 down 3.5% to £24.7m (Q1 2013: £25.6m);
ASR, excluding Claims Income1, up 9.5% to £23.1m (Q1 2013: £21.1m)

· Severe weather events at the beginning of Q1 2014 are estimated to have cost the Group up to £3m more than normally expected during the quarter, at the lower end of the guidance given in March

· The Group's financial position remains strong.