Allianz UK sees growth across the board

andrew torrance

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

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