Allianz CEO Dye hails restructure "opportunities" on back of improved H1 results

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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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