Allianz UK grows GWP and profit as COR improves
Allianz UK boosted gross written premiums by 5.5% in the first half of the year to £2.21bn as operating profit jumped by £62m to £174.8m.
The results for the provider’s general insurance businesses in the UK showed the combined operating ratio improved to 94.6% from 96.6% in the same period of 2023.
The breakdown for the six months revealed growth across personal, commercial and specialty lines.
CommercialCommercial lines GWP ticked up 5.9% to £770.9m.
According to the insurer, the “robust” top line growth came with “continued strong profit performance”.
Our results show that we are well placed to respond to the intense competition in
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