Allianz has a mixed Q3
Profits down but gross written premium up as large commercial claims hit in the third quarter
Andrew Torrance said that the third quarter had been "satisfactory" despite profits from the first three quarters of the year reducing from £173.3m in the first three quarters of 2009 dropping to £119.1m this year. Also the overall COR dipped from 91% last year to 95.8% this year, with commercial performing poorly, going from 83.8% to 95.9%, but retail improving from 100% to 95.6%. Andrew Torrance said that three commercial claims had cost over £5m each in the third quarter including a fire at a
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