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Stock impact report

UPDATE 1-British insurer Hastings profit rises as it adds more customers [Reuters (UK)]

Admiral Group Plc (AMIGY)  More Company Research Source: Reuters
NASDAQ:AMEX Investor Relations: admiralgroup.co.uk/node/5.html
PDF UPDATE 1-British insurer Hastings profit rises as it adds more customers | Reuters 2 Min Read (Adds details on results, background on motor insurance prices) Feb 28 (Reuters) - Hastings Group Holdings Plc reported a 2.6 percent rise in 2018 profit, as the insurer added more customers which helped it combat a drop in the price of motor insurance policies in Britain last year. Hastings, which kicks off the earnings season for motor insurers, said profit before tax rose to 152.9 million pounds ($203.20 million) for the year ended Dec. 31 from 149 million pounds, a year earlier. Gross written premiums rose 3 percent to 958.3 million pounds for the year, said the FTSE 250 company, which operates mainly in the motor insurance market. The cost of a comprehensive motor insurance policy dipped last year, hurt by changes in the Ogden rate, used to calculate compensation for personal injuries, and the Civil Liability Bill that includes reforms likely to reduce claims for whiplash injuries. That, [Read more]
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