Allianz UK lauds "exact repeat" of 2011 performance
Allianz UK has seen gross written premiums (GWP) edge up 5.6% to £965.1m for the first six months of this year, compared to £914m in the same period of 2011.
GWP for its commercial division also crept up by 0.8% to £525.9m while its retail sector recorded strong 11.9% half-year growth, hitting £439.2m, up from £392.5m in the first half of 2011.
Operating profit slipped slightly to £75.3m (H1 2011: £77.5m) and the provider's combined operating ratio (COR) rose to 96.8% from 96.1% in the comparable period last year.
The retail division's broker business recorded a COR of 95%.
Chief executive officer, Andrew Torrance, said the results were "almost an
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Markerstudy gets CMA greenlight to complete £1.2bn Atlanta deal
- FCA warns insurers, again, on undervaluing total loss motor claims
- Ajay Mistry launches insurance broker