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Hastings Group Holdings PLC (HSTG.L)

HSTG.L on London Stock Exchange

257.60GBp
22 Jun 2018
Change (% chg)

2.80 (+1.10%)
Prev Close
254.80
Open
253.80
Day's High
261.00
Day's Low
253.80
Volume
1,375,669
Avg. Vol
800,355
52-wk High
336.70
52-wk Low
246.80

Latest Key Developments (Source: Significant Developments)

Hastings Says Live Customer Policies Increased To 2.67 Mln As At 31 March 2018, 10 Pct Increase
Thursday, 26 Apr 2018 02:00am EDT 

April 26 (Reuters) - Hastings Group Holdings PLC ::LIVE CUSTOMER POLICIES INCREASED TO 2.67 MILLION AS AT 31 MARCH 2018, A 10% YEAR ON YEAR INCREASE.GROSS WRITTEN PREMIUMS UP 16% TO £942.2M FOR 12 MONTHS ENDED 31 MARCH 2018.NET REVENUE INCREASED BY 18% TO £735.6M FOR 12 MONTHS ENDED 31 MARCH 2018.GROSS WRITTEN PREMIUMS UP 5% TO £226.0M FOR 3 MONTHS ENDED 31 MARCH 2018.NET REVENUE INCREASED BY 12% TO £184.5M FOR 3 MONTHS ENDED 31 MARCH 2018.SNOW AND ICY WEATHER CONDITIONS IN QUARTER RESULTED IN HIGHER CLAIMS COSTS THAN EXPECTED IN THE PRIOD.REMAIN ON TRACK TO DELIVER ON OUR TARGETS, INCLUDING ACHIEVING 3 MILLION CUSTOMERS DURING 2019.GROUP HAS CONTINUED TO DELIVER PROFITABLE TRADING PERFORMANCE IN Q1.  Full Article

Hastings Records 13 Pct Rise In Live Customer Policies As At Dec. 2017
Thursday, 1 Mar 2018 02:01am EST 

March 1 (Reuters) - Hastings Group Holdings Plc ::LIVE CUSTOMER POLICIES 2.64 MILLION AS AT 31 DECEMBER 2017, A 13% YEAR ON YEAR INCREASE.GROWING SHARE OF UK PRIVATE CAR INSURANCE MARKET TO 7.3% AS AT 31 DECEMBER 2017 (6.5% AS AT 31 DECEMBER 2016).GROSS WRITTEN PREMIUMS UP 21% TO £930.8M FOR YEAR ENDED 31 DECEMBER 2017 (2016: £769.0M).HASTINGS GROUP HOLDINGS PLC - NET REVENUE OF 21% TO £715.6M FOR YEAR ENDED 31 DECEMBER 2017 (2016: £590.3M).HASTINGS- FY ADJUSTED OPERATING PROFIT 1 UP 39% TO £184.1M (2016: £132.1M, OR UP 21% FROM £152.1M BEFORE IMPACT OF OGDEN RATE CHANGE).LOSS RATIO 2 FOR YEAR ENDED 31 DECEMBER 2017 OF 73.0%, BETTER THAN TARGET RANGE OF BETWEEN 75% AND 79% (2016: 77.7%).FINAL DIVIDEND PROPOSED FOR 2017 OF 8.5P PER SHARE (2016: 6.6P PER SHARE).COMPETITIVE ENVIRONMENT CONTINUES TO BE INTENSE, WITH SLOWER PREMIUM INFLATION SINCE END OF Q3.  Full Article

Hastings Says Chairman Mike Fairey Has Decided To Retire
Tuesday, 9 Jan 2018 02:00am EST 

Jan 9 (Reuters) - Hastings Group Holdings Plc ::SAYS MIKE FAIREY NOTIFIED BOARD THAT HE HAS DECIDED TO RETIRE AS CHAIRMAN.SAYS FAIREY WILL STEP DOWN FROM BOARD AT COMPANY'S ANNUAL GENERAL MEETING (AGM) IN MAY 2018.SAYS GARY HOFFMAN WILL TAKE OVER ROLE OF NON-EXECUTIVE CHAIRMAN.SAYS TOBY VAN DER MEER WILL TAKE OVER ROLE OF CHIEF EXECUTIVE OFFICER AS OF THAT DATE.  Full Article

Hastings Group says 9 months ‍gross written premiums up 25 pct
Friday, 27 Oct 2017 02:08am EDT 

Oct 27 (Reuters) - Hastings Group Holdings Plc ::HASTINGS GROUP HOLDINGS PLC - ‍LIVE CUSTOMER POLICIES INCREASED TO 2.60 MILLION AS AT 30 SEPTEMBER 2017, A 14% YEAR ON YEAR INCREASE (2.29 MILLION AS AT 30 SEPTEMBER 2016)​.HASTINGS GROUP HOLDINGS PLC - ‍MARKET SHARE OF UK PRIVATE CAR INSURANCE (1) UP TO 7.2% AS AT 30 SEPTEMBER 2017 (6.4% AS AT 30 SEPTEMBER 2016)​.HASTINGS GROUP HOLDINGS PLC - ‍GROSS WRITTEN PREMIUMS UP 25% TO £714.3M FOR 9 MONTHS ENDED 30 SEPTEMBER 2017 (9 MONTHS ENDED 30 SEPTEMBER 2016: £572.8M)​.HASTINGS GROUP HOLDINGS PLC - ‍NET REVENUE INCREASED BY 22% TO £538.3M FOR 9 MONTHS ENDED 30 SEPTEMBER 2017 (9 MONTHS ENDED 30 SEPTEMBER 2016: £440.3M)​.HASTINGS - ‍"HAVE SEEN SOME SHORT TERM MARKET PRICING FLUCTUATIONS FOLLOWING UK GOVERNMENT'S RECENT OGDEN DISCOUNT RATE ANNOUNCEMENT"- CEO​.‍"OUR PREMIUM AND CLAIMS INFLATION HAVE CONTINUED TO SHOW SIMILAR TRENDS TO THOSE WE REPORTED AT HALF YEAR"- CEO​.‍"WE ARE ON TRACK TO MEET ALL OF OUR 2019 TARGETS"- CEO​.  Full Article

Hastings says stake controlled by Goldman Sachs cut to about 11.6 pct​
Wednesday, 18 Oct 2017 02:00am EDT 

Oct 18 (Reuters) - Hastings Group Holdings Plc :INDIRECT INTEREST IN CO'S SHARES HELD BY LIMITED PARTNERS OF HASTINGS A AND HASTINGS B HAVE BEEN CONVERTED INTO DIRECT HOLDINGS IN COMPANY​.‍AGGREGATE SHAREHOLDING IN CO WHICH WILL CONTINUE TO BE CONTROLLED BY GOLDMAN SACHS HAS BEEN REDUCED TO APPROXIMATELY 11.6 PCT​.  Full Article

AA confirms it had talks with rival Hastings on insurance merger
Tuesday, 12 Sep 2017 02:00am EDT 

Sept 12 (Reuters) - Aa Plc :AA PLC - PRESS SPECULATION.‍NOTES YESTERDAY'S PRESS SPECULATION ON A POTENTIAL TRANSACTION WITH HASTINGS INVOLVING ITS INSURANCE BUSINESS​.‍REGULARLY REVIEWS ALL STRATEGIC OPTIONS, INCLUDING WHETHER A SPIN-OFF OF ANY OF ITS BUSINESS LINES WOULD UNLOCK FURTHER VALUE​.‍CONFIRM THAT WE DID HAVE PRELIMINARY DISCUSSIONS WITH HASTINGS IN EARLY SUMMER TO EXPLORE A POSSIBLE COMBINATION OF AA'S INSURANCE BUSINESS WITH HASTINGS​.  Full Article

Hastings Group says HY gross written premiums up 28 pct
Wednesday, 9 Aug 2017 02:00am EDT 

Aug 9 (Reuters) - Hastings Group Holdings Plc ::Interim results for six months ended 30 june 2017.Hy gross written premiums up 28 pct to £462.0m (30 june 2016: £360.6m) and net revenue up 22 pct to £345.2m (30 june 2016: £282.7m).Hy increase in adjusted operating profit to £86.5m (30 june 2016: £70.8m).Hy live customer policies up by 15 pct to 2.54 million (30 june 2016: 2.20 million).Calendar year loss ratio of 73.4 pct for period ended 30 june 2017, below target range of between 75 pct and 79 pct (30 june 2016: 74.0 pct).Interim dividend for 2017 of 4.1 pence per share (30 june 2016: 3.3 pence per share).  Full Article

BRIEF-Hastings Investco to place 35 million shares in Hastings - bookrunner
Tuesday, 9 May 2017 03:34am EDT 

Fixes spelling in headline:Bookrunner says proposed placing of shares in hastings group holdings plc .Bookrunner says Hastings Investco Limited is announcing its intention to sell approximately 35 million ordinary shares in hastings.Bookrunner says placing shares represent approximately 5.3% of company's issued share capital.Bookrunner says placing shares are being offered by way of an accelerated bookbuild.Bookrunner says Hastings will not receive any proceeds from placing.  Full Article

Hastings Investco sells 35 mln shares in Hastings -bookrunner
Tuesday, 9 May 2017 02:00am EDT 

May 9 (Reuters) - Bookrunner::Says Hastings Investco Ltd has agreed to sell an aggregate of 35 million ordinary shares in Hastings Group Holdings Plc <<>>, at a price of 300.5 pence per share.Says proceeds of placing are payable in cash on usual settlement terms, closing of placing is expected to occur on or about May 11, 2017.  Full Article

Hastings Investco to place 35 million shares in Hasting - bookrunner
Monday, 8 May 2017 11:50am EDT 

May 8 (Reuters) - Hastings Group Holdings Plc ::Bookrunner says proposed placing of shares in hastings group holdings plc .Bookrunner says Hastings Investco Limited is announcing its intention to sell approximately 35 million ordinary shares in hastings.Bookrunner says placing shares represent approximately 5.3% of company's issued share capital.Bookrunner says placing shares are being offered by way of an accelerated bookbuild.Bookrunner says Hastings will not receive any proceeds from placing.  Full Article

UPDATE 1-Motor insurer Hastings slips on ice, shares slide

April 26 British motor insurer Hastings Group Holdings Plc reported higher claims costs due to icy weather and a slowdown in gross written premium growth in the first quarter, sending its shares down seven percent on Thursday.