Hastings reports rise in profit and GWP
Insurer's group Ebitda rose by 18% in 2014, while COR increased to 89.1% from 88.3%.
Hastings Insurance Group has reported a 29% increase in profit before tax and an 18% rise in group Ebitda, according to its financial results for 2014.
Profit before tax for the whole group was £69.3m in 2014 compared to £53.6m in 2013 and its gross written premiums increased by 19% to £483.4m (2013: £407.2m).
Net revenue for the business was £400.9m, up 17% from the year before when it was £342.4m.
Ebitda
According to Hastings, its adjusted group Ebitda was £106.4m in 2014 compared to £90.3m in
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