Allianz delivers growth but half-year COR slips

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GWP reaches £1.09bn for the first six months but operating profit falls.

Allianz's combined operating ratio grew (COR) to 98.1% in its half year results, up from 95.7% for the same period in 2013.

Meanwhile, gross written premiums for the first six months of 2014 went up to £1.09bn compared to £996m last year.

Strong
Chief executive Jon Dye said that a strong performance in Q2 saw the insurer's growth accelerate and operating profit rebound following the first quarter which was hit by very poor weather.

However the operating profit for the first half of 2014 still

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