Allianz UK improves COR to 96.0%

arrows

Allianz UK reported a Q3 2018 combined operating ratio (COR) of 96.0%, an improvement on the 98.5% posted in the same period last year.

Gross written premium (GWP) fell slightly to £1.53bn from £1.59bn but operating profit increased to £113.6m (2017 Q3: £84.6m).

CEO Jon Dye commented: “Profits are up 34.3% over the same period in 2017 and the combined operating ratio has improved by 2.5% compared to this time last year.

“The revenue position reflects the transfer of Allianz’s personal home

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: