Allianz delivers growth but half-year COR slips

money-piggy-bank-v2

GWP reaches £1.09bn for the first six months but operating profit falls.

Allianz's combined operating ratio grew (COR) to 98.1% in its half year results, up from 95.7% for the same period in 2013.

Meanwhile, gross written premiums for the first six months of 2014 went up to £1.09bn compared to £996m last year.

Strong
Chief executive Jon Dye said that a strong performance in Q2 saw the insurer's growth accelerate and operating profit rebound following the first quarter which was hit by very poor weather.

However the operating profit for the first half of 2014 still

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account