Allianz Holdings tops £4bn for first time with profits surging in 2023


Allianz Holdings grew gross written premiums by 7.4% in 2023 as operating profits jumped 65% reversing the fall in 2022.

Operating profit rose to £241.6m having more than halved in the previous year. The combined operating ratio also improved from 98.4% to 96.9%

The rise in GWP to £4.26bn came with growth in all areas.

In commercial lines GWP was up £84.8m to £1.42bn.

The insurer flagged leveraging the impact of Allianz Commercial, launched during the year under Nadia Côté.

Colm HolmesWe have more to do but performing so well in tough conditions demonstrates our resilience and stability.Colm Holmes, chief executive of

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

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options


Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: