Profits down but Allianz keeps commercial COR below 100%

Allianz chief executive Andrew Torrance

The insurer's overall combined operating ratio came in at 96.3%, made up by a rate of 94.5% in its retail book (2011: 97.8%) and 97.9% (2011: 94%) on commercial lines.

The provider saw gross written premiums (GWP) rise by 2.6% to £1.88bn. Commercial GWP dropped to £974.1m (2011: £976.2m) whereas retail increased to £905.7m from £856m the year before.

Allianz chief executive officer, Andrew Torrance, commented: "In 2012 we delivered excellent levels of profit and top line growth together with a

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 copy this content. Please contact [email protected] 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

If you already have an account, please sign in here.

To continue reading...

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: