Allianz UK lauds "exact repeat" of 2011 performance

Allianz chief executive Andrew Torrance

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

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