Allianz UK sees growth across the board
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
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