Hastings reveals growth in 2017
Firm posts rising GWP and profits as Toby van der Meer takes over as CEO.
Hastings Group has achieved a 21% growth in gross written premium (GWP) to £930.8m for the year ended 31 December 2017 (2016: £769.0m).
According to the firm its operating profit rose by 39% to £184.1m in 2017 (2016: £132.1m).
Hastings revealed a £20m hit from the discount rate change in its 2016 accounts, but its operating profit had not been further impacted by Ogden in 2017.
The business also posted an improved combined operating ratio of 87.0% (2016: 91.3%).
In addition, Hastings’ net
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