Hastings sees 90% increase in Q2 pre-tax profit

UK motor specialist Hastings posted profit before tax of £17.1m for the second quarter of 2014, a 90% increase on the same period in 2013.

Group net revenue increased by 19% to £97.6m (Q2 2013: £81.9m) aided by a 24% increase in gross written premiums to £119.8m (Q2 2013: £96.4m).

The insurer posted a combined operating ratio of 90.5%

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