Insurance Post

Hastings reports profit up 63%

Edward Fitzmaurice chief executive Hastings Direct

Hastings Insurance Group has announced its first calendar year consolidated results, showing pre-tax profit up 63% to £31m (2010: £19m).

Gross premiums placed by the group were up 39% to £358m (2010: £257m), with customer numbers up by 37% to 972,000 (2010: 710,000). The company has it had since passed the one million customer mark.

Ed

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