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)

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.

JP Morgan have again given an overweight rating this morning:

11 Jun JP Morgan... N/A Overweight
3 Jun Citigroup 294.00 Buy
8 May Canaccord... 295.00 Buy
8 May Beaufort... N/A Hold
8 May Deutsche Bank 303.00 Buy
10 Apr Deutsche Bank 313.00 Buy
1 Apr Deutsche Bank 313.00 Buy
24 Mar JP Morgan... 300.00 Overweight
21 Mar HSBC 336.00 Overweight
12 Mar Canaccord... 295.00 Buy

Half Yearly Report

Highlights

· Profit before tax up 0.4% to £57.1m (HY 2013: £56.9m)

· In-force policies up 2.1% to 1.974 million (FY 2013: 1.933 million)

· Gross written premiums down 1.9% to £260.4m (HY 2013: £265.4m)

· Combined operating ratio1 increased 1.3ppts to 90.9% (HY 2013: 89.6%) due primarily to the severe weather events in Q1

· Additional services revenues ("ASR")2 flat at £51.0m (HY 2013: £51.0m);
ASR, excluding Claims Income2, up 5.7% to £48.0m (HY 2013: £45.4m)

· Earnings per share3 up 2.7% to 10.9 pence (HY 2013: 10.6 pence)

· Interim dividend per share of 5.1p (HY 2013: 2.5p4), a payout ratio5 of 70% (HY 2013: 70%)

· Strong financial position with IGD6 coverage of 366%, after allowing for the interim dividend.

Interim Management Statement

Remaining disciplined in tough market conditions

Financial summary

· Total in-force policies increased 2.5% year-on-year and 1.1% year-to-date to 1.954m as at 30 September 2014 (Q2 2014: 1.974m, FY 2013: 1.933m, Q3 2013: 1.906m)

· Motor in-force policies are broadly flat year-to-date at 1.394m (Q2 2014: 1.421m, FY 2013: 1.385m), with Home in-force policies up 2.4% to 0.561m (Q2 2014: 0.553m, FY 2013: 0.548m)

· Gross written premiums year-to-date down 4.0% to £410.0m (YTD Q3 2013: £427.0m), Motor and Home down 4.5% and 1.3% respectively

· Gross written premiums for Q3 down 7.4% to £149.6m (Q3 2013: £161.6m), Motor down 8.8%, with Home broadly flat

· Additional Services Revenues1 ("ASR") year-to-date broadly flat at £79.0m (YTD Q3 2013: £79.3m)

ASR excluding Claims Income up 2.8% to £74.7m (YTD Q3 2013: £72.7m)

· The financial position remains strong, with the Group remaining well capitalised and on track for the implementation of Solvency II

StockMarketWire.com
esure Group has conditionally agreed to acquire the outstanding 50% of Gocompare.com Holdings Limited for £95m.

This will give esure 100% of Gocompare.

The acquisition is subject to Competition and Markets Authority approval.

Chairman Peter Wood said: "This is another positive milestone for esure Group. Gocompare has always been an exciting business and it has developed strongly following our original investment into one of the UK's leading financial services brands. This move lays the ground for further development of Gocompare as part of the Group's strategy of diversifying income streams."

Results for the year ended 31 December 2014

Solid results achieved through a disciplined approach in a challenging environment

Headlines

· In-force policies up 0.7% to 1.946 million (2013: 1.933 million)

· Gross written premiums down 3.4% to £517.8 million (2013: £535.8 million)

· Profit before tax down 12.8% to £103.3 million (2013: £118.4 million) impacted by current market conditions and costs associated with the acquisition of Gocompare1

· Combined operating ratio2 increased by 2.2ppts to 91.9% (2013: 89.7%)

· Additional Services Revenue ("ASR")3 broadly flat at £103.0 million (2013: £103.9 million)
- ASR excluding Claims Income3 up 1.7% to £97.3 million (2013: £95.7 million)

· Pro forma earnings per share4 down 11.6% to 19.8 pence (2013: 22.4 pence)

· Final dividend of 11.7 pence per share (2013: 13.3 pence). Full year dividend of 16.8 pence per share

(2013: 15.8 pence) represents a payout ratio of 85%. The payout ratio comprises a base dividend of 50%

and a special dividend of 35%.

· Strong financial position with IGD5 coverage of 377% after the final dividend

· Acquisition of the outstanding 50% of Gocompare1 for £95.0 million; expected to complete on 31 March

2015, funded by the issue of £125.0 million 6.75% ten year tier two Subordinated Notes

JP Morgan Cazenove Overweight 211.20 290.00 290.00 Reiterates

Deutsche Bank Hold 211.20 275.00 255.00 Downgrades