Hastings shows growth in first half of 2017
The firm posted GWP growth of 28% and noted that the Ogden rate change had generated more activity for the business on aggregators.
Hastings has reported GWP of £462m for the half year 2017, up on the £360.6m achieved in the same period last year.
Adjusted operating profit was £86.5m compared to £70.8m this time last year. In addition profit after tax rose to £57.9m in total compared to £42.7m for the first six months of 2016.
The COR also improved to 88.9% from 89.2%.
Strong
CEO Gary Hoffman said he was “delighted” with the “profitable growth trajectory” noting that live customer policies went up by 15%.
“Our
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