Jon Dye brands 2017 as “landmark” year for Allianz in UK

Jon Dye, CEO, Allianz Insurance

Jon Dye has described the 2017 figures for Allianz UK as “a solid set of numbers”.

The insurer posted a combined operating ratio (COR) of 97.8% for the year and an operating profit of £121.3m for the 12 months of which £36.7m came in the final quarter.

The insurer’s chief executive officer explained that the 2016 figures had also been restated due to the impact of Ogden which was defined as a “material event” under accounting rules.

The movement in the discount rate from 2.5% to minus 0.75% h

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