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Hastings Group Holdings PLC (HSTG.L)

HSTG.L on London Stock Exchange

188.50GBp
16 Nov 2018
Change (% chg)

-3.50 (-1.82%)
Prev Close
192.00
Open
193.00
Day's High
194.00
Day's Low
188.40
Volume
432,803
Avg. Vol
578,628
52-wk High
322.20
52-wk Low
179.69

Latest Key Developments (Source: Significant Developments)

Hastings Group Says Market Conditions Competitive, Premiums Written Rise
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - Hastings Group Holdings PLC ::HASTINGS GROUP HLDGS - Q3 TRADING UPDATE.HASTINGS GROUP HOLDINGS PLC - MARKET CONDITIONS HAVE REMAINED COMPETITIVE DURING Q3, WITH FALLING AVERAGE MARKET PREMIUMS.HASTINGS GROUP HOLDINGS PLC - FOR QUARTER, CUSTOMER POLICY NUMBERS WERE BROADLY FLAT.HASTINGS GROUP HOLDINGS PLC - LIVE CUSTOMER POLICIES WERE 2.70 MILLION AS AT 30 SEPTEMBER 2018, A 4% YEAR ON YEAR INCREASE.HASTINGS GROUP HOLDINGS PLC - MARKET SHARE OF UK PRIVATE CAR INSURANCE OF 7.5% AS AT 30 SEPTEMBER 2018.HASTINGS GROUP - GROSS WRITTEN PREMIUMS UP 5% TO £955.0M FOR 12 MONTHS ENDED 30 SEPTEMBER 2018 AND UP 3% TO £738.5M FOR 9 MONTHS ENDED SEPT.HASTINGS GROUP HOLDINGS PLC - NET REVENUE INCREASED BY 9% TO £751.3M FOR 12 MONTHS ENDED 30 SEPTEMBER 2018.HASTINGS GROUP HOLDINGS PLC - NET REVENUE BY 7% TO £574.1M FOR 9 MONTHS ENDED 30 SEPTEMBER 2018.HASTINGS GROUP HOLDINGS PLC - LLOYDS BANK GENERAL INSURANCE, INTEGRA AND RSA HAVE JOINED GROUP'S PANEL OF HOME UNDERWRITERS.HASTINGS GROUP - BECAME A FOUNDER MEMBER OF SMART MOBILITY LIVING LAB'S THREE YEAR SHARED RESEARCH PROGRAMME, ALONGSIDE AVIVA, BP AND HONDA.HASTINGS GROUP - EXPECTS TO MAINTAIN ITS DISCIPLINED PRICING STRATEGY IN ONGOING COMPETITIVE MARKET THAT IS LIKELY TO CONTINUE FOR REST OF YEAR.HASTINGS GROUP HOLDINGS PLC - LOSS RATIO FOR FULL YEAR IS EXPECTED TO BE AT LOWER END OF TARGET RANGE OF 75% TO 79%.  Full Article

Hastings Sees To Deliver In Line With Its Targets For 2019
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - Hastings Group Holdings PLC ::SUSTAINED GROWTH OF LIVE CUSTOMER POLICIES TO 2.70 MILLION AS AT 30 JUNE 2018, A 6PCT YEAR ON YEAR INCREASE.HASTINGS GROUP HOLDINGS PLC SAYS GROSS WRITTEN PREMIUMS OF 5 PERCENT TO £485.6M FOR SIX MONTHS ENDED 30 JUNE 2018 (30 JUNE 2017: £462.0M)..9PCT INCREASE IN NET REVENUE TO £376.3 MILLION FOR SIX MONTHS ENDED 30 JUNE 2018.CALENDAR YEAR LOSS RATIO FOR PERIOD ENDED 30 JUNE 2018 OF 73.8PCT.HASTINGS GROUP HOLDINGS PLC SAYS HY SOLVENCY II COVERAGE RATIO OF 171PCT (31 DECEMBER 2017: 167PCT).INTERIM DIVIDEND FOR 2018 OF 4.5P PER SHARE.HASTINGS GROUP HOLDINGS PLC SAYS HY ADJUSTED OPERATING PROFIT 1 UP 22PCT TO £105.1M (30 JUNE 2017: £86.5M)."HASTINGS IS WELL POSITIONED TO DELIVER IN LINE WITH ALL OF ITS TARGETS DURING 2019".  Full Article

Hastings Group Holdings Announces Director Resignation
Thursday, 28 Jun 2018 

June 28 (Reuters) - Hastings Group Holdings PLC ::DIRECTOR RESIGNATION.SELINA SAGAYAM IS NO LONGER THEIR NOMINATED APPOINTEE TO COMPANY'S BOARD.SELINA SAGAYAM RESIGNED HER POSITION WITH EFFECT FROM TODAY'S DATE.CO DO NOT INTEND TO NOMINATE REPLACEMENT DIRECTOR AT THIS TIME.  Full Article

Hastings Group Holdings Has Priced £250M Of 7 Year Fixed Rate Investment Grade Unsecured Senior Bonds
Thursday, 17 May 2018 

Hastings Group Holdings PLC ::HAS PRICED £250M OF 7 YEAR FIXED RATE INVESTMENT GRADE UNSECURED SENIOR BONDS.BONDS WILL BE LISTED ON GLOBAL EXCHANGE MARKET OF EURONEXT DUBLIN STOCK EXCHANGE.  Full Article

Hastings Says Chairman Mike Fairey Has Decided To Retire
Tuesday, 9 Jan 2018 

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 

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 

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

UPDATE 1-Hastings posts higher written premiums, but warns of competition

Oct 25 Hastings Group Holdings Plc reported a rise in gross written premiums for the first nine months on Thursday, as cost of motor insurance policies rose in Britain, but the insurer warned of continuing competition.