The Ogden rate change has had an impact on yet another insurer’s half-year results for 2019.
Technology-focused insurance provider Hastings Group Holdings has reported an adjusted operating profit of £59.7 million, which would have come in at £68.1 million before the impact of the Ogden rate change was felt. The 2019 half-year profits dimmed in comparison to the same period in 2018, when the results revealed an adjusted operating profit of £90.5 million.
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