LV deal continues to affect Allianz numbers
Purchasing the remaining stake in LV has impacted the provider’s half-year numbers.
Allianz has published its half-year results for 2019, showing a marginal decline in performance at the group level in the UK.
Gross written premium (GWP) fell 6.2% from £1,066.4m in H1 2018 to £1,000.2m in H1 2019, while operating profit fell 2.3% from £87.8m to £85.8m over the same periods.
Similarly, Allianz’s combined operating ratio (COR) worsened from 94.8% to 95.7%.
Change
Allianz is undergoing transformation as a result of its decision to buy the remaining stake in LVGI, announced in
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