Allianz UK's P&C profit falls to €178m as GWP rises to €2.68bn
Provider's combined ratio rises to 97.6% in 2014.
Allianz's UK financial results for property and casualty (P&C) business in 2014 shows its operating profit fell to €178m (£130m) from €201m in the preceding year.
The insurer's gross written premium rose to €2.68bn last year compared to €2.27bn in 2013.
However, the provider's combined ratio of 97.6% in 2014 also represented a deterioration from the 96% it posted for the previous 12-month period.
For the Allianz Group as a whole operating profit grew by 3.3% to €10.4bn last year and revenues
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