Company News 

Hastings cuts dividend as claims costs rise

Hastings cuts dividend as claims costs rise

Hastings (HSTG) has warned that adjusted operating profits for 2019 will come in at around 13 per cent below consensus due to higher-than-expected claims costs. The insurer guided to profits in the region of £110m, below the £191m earned in 2018, after expectations for the claims loss ratio rose to between 81 and 82 per cent, from the 79 per cent anticipated in October. 

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now