Allianz sees profits rise in UK
Allianz has reported an 11.4% rise in operating profits for its UK arm to €206m (£174.3m) in 2011, up from €185m in 2010.
For the year ended 31 December 2011 the insurer's UK operation's gross written premiums rose to €2.11bn for property and casualty (P&C) business (2010: €1.94bn).
The company also declared an improved COR of 95.7%, a marginal improvement upon the 96% reported the year before.
For the whole Allianz group P&C gross written premiums rose to €44.8bn (2010: €43.9bn) while profit slipped to €4.2bn from €4.3bn the previous year.
The combined operating ratio also slipped slightly to 97.8% from 97.2% in
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