Allianz UK lauds "exact repeat" of 2011 performance
GWP for its commercial division also crept up by 0.8% to £525.9m while its retail sector recorded strong 11.9% half-year growth, hitting £439.2m, up from £392.5m in the first half of 2011.
Operating profit slipped slightly to £75.3m (H1 2011: £77.5m) and the provider's combined operating ratio (COR) rose to 96.8% from 96.1% in the comparable period last year.
The retail division's broker business recorded a COR of 95%.
Chief executive officer, Andrew Torrance, said the results were "almost an
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 [email protected].
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Insurer
Most read
- Aviva UK sees COR deteriorate and operating profit slip
- Tribunal overturns CMA Most Favoured Nation clauses ruling and £17.9m Compare The Market fine
- FOI reveals scale of FCA investigation into leaseholder insurance
- Policy Expert targets doubling within five years, says CEO Steve Hardy
- Gallagher denies negligence and breaches over Paradigm claim
- GRP-owned Newstead promotes Sarah Giles to managing director
- Chaucer’s head of insurance insists the industry must be more inclusive for women