Allianz sees profits rise in UK

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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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