Hastings on the up as GWP hits £360.6m

arrows-rise

Hastings Group Holdings reported a 28 percent increase in gross written premium (GWP) for the first half of 2016.

This compares to £282.7m for the same period in 2016. Operating profit also grew 20 percent to £70.8m (H1 2015: £59.2m) while the number of inforce policies increase from 1.9m to 2.2m.

COR also improved to 89.2 percent from 90.0 percent last year. Profit after tax hit £51.9m, up from £4.2m in 2015.

Momentum
The group noted "impressive momentum" and Gary Hoffman, CEO, commented: "Our

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: