Hastings Direct “winning the battle” claims Hoffman
Broking business posts profit before tax of £18.5m and Ebitda of £19.2m.
Hastings Direct is "winning the battle in an intense market" according to chief executive Gary Hoffman.
Hoffman told Insurance Age that the retail broking arm of the business was performing well and posted adjusted Ebitda of £19.2m and profit before tax of £18.5m for the second quarter of 2014.
Ebitda for the underwiting business was £6.8m and profit before tax was also £6.8m for the quarter.
The figures followed quarterly group results that showed a profit jump of 90% and gross written premiums
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