Hastings posts reduced profits but continues GWP growth
Hastings reported a £10.8m drop in profit before tax for the 2013 financial year to £49.6m (2012: £60.4m)
Adjusted Ebitda increased by 25% to £90.3m (2012: £72.4m), while gross written premiums grew by 16% to £407.2m (2012: £117.4m).
However, the firm's operating expenses jumped 69% to £149.1m. These
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