Pre-tax profits drop at Allianz UK in 2014
Provider sees COR widen as GWP rises.
Allianz UK has reported a profit before tax of £143m, down from the £171m achieved in 2013.
The provider's combined operating ratio stayed below 100% again at 97.6%, an increase on the 95.9% delivered in 2013.
Gross written premiums rose by 12% to £2.16bn (2013: £1.93bn).
The breakdown by divisions saw the commercial unit report GWP of £1.06bn (2013: £1bn) with an improved COR of 94.5% (2013: 96.3%).
The COR in personal lines topped 100%, rising from 96.1% in 2013 to 101.3% as premiums broke
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