Profits and GWP up at Hastings in 2016

arrows-up-timeline-large

Hastings Group has posted a 25% increase in gross written premiums (GWP) to £769.0m (2015: £614.9m) for the year ended 31 December 2016.

Operating profit rose by 5% to £132.1m (2015: £126.1m), after allowing for a £20.0m impact of the Ogden rate change.

The company noted that it did not expect the discount rate cut from 2.5% to minus 0.75% to have material impact on the group.

In addition, its net revenue was up by 23% to £590.3m in 2016 from £481.0m in the preceding year. Its combined operating

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: