Hastings on the up as GWP hits £360.6m

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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

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