News Column

Pre-tax profit leaps up for Hastings

August 29, 2014

? Insurer Hastings yesterday announced that pre-tax profit jumped a massive 90 per cent in the second quarter of 2014, hitting 17.1m. The group also revealed that gross written premiums are up 24 per cent to 119.8m. Chief executive Gary Hoffman said: "These results demonstrate how our agility and refreshingly straightforward proposition for customers continue to differentiate us and enable us to grow profitably and sustainably." He added that the group's success lies in making the right trade off between short-term growth and long-term value.

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Source: City A.M. (UK)

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