Saga plc - Company Profile
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Business Description
Saga plc (Saga) is a provider of insurance, travel, personal finance and healthcare products and services in the UK. The company provides its products and services to people aged 50 and over.
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Business Segments
Overview
Operates and delivers package tours and cruise holiday products. Its four business areas include Saga Holidays, Saga Cruises, Titan and Destinology. Saga Holiday offers a classic holiday experience across the globe, ranging from relaxing hotel stays to active adventures. Saga Cruises is designed for the customer who wants to travel with first-class care, service and comfort. Titan serves the customers, who want to explore the world in a sophisticated manner. Destinology principally focuses on four and five-star holidays across Europe, the UAE, Far East and Indian Ocean. The company owns and operates one hotel and two cruise ships, the Saga Sapphire and Saga Pearl II. In addition, the company along with third party provides accommodation, flights and other transport arrangements.
Performance
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Overview
Offers various products and services ranging from motor to pet insurance to more than two million customers per annum. Its product line is further classified into four units: Motor Insurance, Home Insurance, Other Insurance and Underwriting. Its motor insurance products include car insurance, caravan insurance, motorhome insurance, breakdown cover, motorbike insurance and van insurance. Home Insurance products offered by the company consists of tailor-made insurance, landlord insurance, holiday home insurance, home emergency, home insurance and pet insurance. These products and services are offered through a network of underwriters with different areas of expertise. Its other insurance comprises private medical insurance (PMI) and travel insurance. Its medical insurance includes health insurance, health cash plan, personal accident insurance, accidental death benefit, and life insurance. Its Travel Insurance products consist of travel insurance, travel money, international payments and boat insurance.
Performance
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Overview
Includes its other business operations and central cost base. The other businesses comprises a range of financial services product offering including the wealth management joint venture, Saga publishing (a monthly subscription magazine product), the domiciliary care services offering and the group’s internal mailing house. It includes new development areas for the long-term growth of the business such as Saga Money and Saga Healthcare. Saga Money includes various products, including equity release, savings, credit cards, loans and wealth management. Saga Healthcare operates a number of brands within the homecare sector.
Performance
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