Allianz CEO Dye hails restructure "opportunities" on back of improved H1 results
The Allianz UK business has recorded an improved profit and combined operating ratio for the first half of 2016, when compared to the same period last year.
The insurer's operating profit was £86.9m (H1 2015: £63.6m), COR 96.3% (H1 2015: 98%) on gross written premiums that were marginally down at £1.1bn (H1 2015: £1.12bn).
At the half year point, the commercial lines GWP stood at £578.0m, up 0.9% over the same period last year, whilst the COR improved by four points to 91.2% .
The personal lines business GWP was down 8.0% on the previous year to £520m; whilst the COR reduced to 99.9%, an improvement of 1.3% compared to the first quarter of this year
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