Operating profit rises at Allianz as COR improves in first half of 2018
GWP flat as business transfers to LV.
Allianz UK has reported a 17.5% improvement in operating profit to £87.8m for the first half of 2018.
The increase came as the combined operating ratio (COR) for the six months moved down to 94.8% from 96.5% in the same period of 2017.
Gross written premiums (GWP) were flat at £1.07bn. The insurer noted that it had removed engineering inspection and special services from the figures and recalculated the 2017 numbers at £1.06bn.
Allianz also flagged that the stable GWP came despite the start
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