Allianz hits almost £2bn in premium
However commercial business sees GWP decline in H1 2020 numbers as provider predicts £80m Covid-19 BI hit.
Allianz Holdings, which comprises Allianz and the LV/L&G personal lines business, hit gross written premium of £1.98bn compared to £1bn on the same period last year.
Operating profit grew 109% to £179m (2019: £96m) and COR also improved to 92.7% from 95.7% in H1 2019.
The group also noted more than 950 Covid-19 Business Interruption claims, totalling £14m paid out to date with the total impact likely to hit £80m net of reinsurance. A Financial Conduct Authority test case to assess the validity
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