Allianz sees profits slip 10 points in first quarter

Andrew Torrance Allianz August2009

However, the insurer reported a credible combined ratio of 96.5%, a slight deterioration on the same period last year (96%).

In commercial, GWP rose from £225.3m to £237.3m but the combined ratio deteriorated to 92.6% from 90.6% in the same period last year. The insurer’s retail book continued its improvement with an increase in GWP to £174m (£168.5m: 2009) and a 1% improvement in combined ratio (101.7%).

Despite the drop in operating profits, Andrew Torrance, chief executive of Allianz

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 [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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: