Profit and GWP up at Hastings in 2018
CFO Richard Hoskins hails "solid results" despite competitive market and says broker will continue to invest in data and digital engagement.
Hastings Group has reported a 3% rise in gross written premium (GWP) to £958.3m in 2018, compared to £930.8m last year.
In addition, operating profit came in at £190.6m (2017: £184.1m) and its combined operating ratio was 89.4% in 2018 (2017: 87.0%).
Hastings further posted a pre-tax profit of £130.6m for the year, up slightly from the £126.7m profit achieved last year, with net revenue also growing from £715.6m in 2017 to £756.4m in 2018.
Growth
Chief financial officer Richard Hoskins said
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