Allianz nears £4bn in GWP
Provider says total impact of Covid-19 BI claims in 2020 was £175m and details it has to date paid 78% of valid SME claims.
Allianz Holdings hit gross written premium of £3.92bn for the full year 2020, up from £1.99bn in 2019.
The business, which includes Allianz Insurance, LV General Insurance and L&G, also reported an operating profit of £290m (2019: £98m) and a combined operating ratio of 94.4% (2019: 98.5%).
The figures for 2019 only included Allianz Insurance. The company detailed that the expanded business has almost doubled Allianz’s GWP and delivered a 196% increase in operating profit.
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