UK insurer posts higher 9-month operating profit

Bengaluru

UK INSURER Hastings Group Holdings Plc reported an increase of about 19 per cent in operating profit for the first nine months of the year, driven by a rise in gross written premiums.

Hastings, which offers insurance for private cars, homes, motorbikes and vans as well as premium financing and ancillary products, said that operating profit rose to £93.8 million (S$203 million) for the nine months ended Sept 30 from £79 million a year earlier.