Hastings reports GWP and Ebitda surge in Q1
Group customer numbers rise 19%.
Hastings Insurance Group has reported at 23% rise in group gross written premiums for the first three months of 2015 to £132.3m, up from £107.4m in the same period of the year before.
Adjusted group Ebitda, which excludes certain one-off items, increased by 21% to £28.7m (Q1 2014: £23.8m) and adjusted underwriting Ebitda also rose, by 19%, to £8.3m (Q1 2014: £7m).
The group combined operating ratio improved to 89.6% from 93.7% in the same quarter last year.
Meanwhile group net revenue hit £108
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