Hastings Group Holdings PLC (HSTG.L)
Thu, Apr 26 2018
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.
April 26 British insurer Hastings Group Holdings Plc reported on Thursday a 12 percent jump in first-quarter net revenue, buoyed by an increase in customer base and market share.
BRIEF-Hastings Says Live Customer Policies Increased To 2.67 Mln As At 31 March 2018, 10 Pct Increase
* LIVE CUSTOMER POLICIES INCREASED TO 2.67 MILLION AS AT 31 MARCH 2018, A 10% YEAR ON YEAR INCREASE
* Shares fall over 10 pct (Adds analyst, CFO comments, share movement, details)
* LIVE CUSTOMER POLICIES 2.64 MILLION AS AT 31 DECEMBER 2017, A 13% YEAR ON YEAR INCREASE
March 1 British insurer Hastings Group Holdings Plc reported a 39 percent jump in full-year adjusted operating profit, as it provided insurance to more customers and increased its market share.