Profits up at Hastings in 2015
GWP also increases following IPO float last year.
Hastings has posted a 27% increase in gross written premium (GWP) to £614.9m (2015: £475.4m) in its preliminary results for the year ended 31 December 2015.
Operating profit also went up to £126.1m from £105.7m the previous year.
However profit before tax only came in at £5m following an £86.3m spend on non-trading items. This was still an improvement on the loss before tax of £1.4m in 2014.
Profit after tax reached £2.3m reversing a loss of £8.4m in the previous 12 months.
Hastings stated that
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