UK revenues grow at Allianz
Six month figures reveal flat COR and operating profit.
Allianz has reported gross written premiums (GWP) for property and casualty business in the UK of €1.56bn (£1.1bn) for the first six months of 2015, up 17% from the €1.33bn achieved at the start of 2014.
The figures, revealed in the insurer's group results, came with flat operating profit of €77m (H1 2014: €78m).
The combined operating ratio (COR) of 98% for the six month period was identical to the result for the first half of 2014.
Second quarter
The breakdown of the second quarter also showed
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