Allianz UK sees growth across the board

andrew torrance

Allianz UK has revealed increased gross written premium, higher operating profits and an improved combined operating ratio in its 2011 results.

The insurer saw a 10.1% rise in gross written premiums to £1.83bn in 2011 along with an increase in pre-tax operating profit to £168.7m (2010: £158.5m).

The combined operating ratio improved fractionally to 95.7% from 95.9% the previous year.

Allianz also highlighted that the improvements were consistent across both commercial and personal lines. In the former GWP grew by just under £10m to £976.2m while the COR came in at 94% (2010: 94.5).

For retail business the provider saw GWP leap from £701

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 info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk 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

Register

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

Already have an account? Sign in here

Meet the MGA feature: Arc Legal 

Arc Legal CEO Lee Taylor outlines the value in having a supportive parent of the scale of AmTrust; and why it makes sense to keep an eye on legislation and social changes in order to innovate and develop new products.

Most read articles loading...

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: