Allianz UK COR deteriorates to 97.8%
Challenging fourth quarter hits the provider as operating profit falls by 35% but CEO Dye remains upbeat.
Allianz UK reported a worse performance in 2019 when compared to the previous year.
The figures, published today (24 February), highlighted that the COR rose to 97.8% compared to 96.4% in 2018.
Operating profit also slipped from £171.2m to £110.6m alongside a fall in GWP to £1990.7m (2018: £2038.2m).
The insurer suggested that the operating profit drop was impacted by a number of factors including increased fire, theft and escape of water losses in the commercial property account as well as
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