Allianz UK profits jump 29.5% to £476.2m on the back of COR improvement
Allianz UK has reported a 29.5% increase in profit in 2025 to £476.2m (2024: £386.8m) on the back of an improved combined operating ratio of 93% (2024: 93%) as its total business volume shrunk by 0.3% to £4.66bn (2024: £4.64bn).
The group’s other UK insurance businesses Allianz Commercial (formerly AGCS), Allianz Partners and the Allianz Trade added another £2.69bn (2024: £2.4bn) worth of premium when rolled in giving it a total of £7.33bn (2024: £7.07bn).
Broken down Allianz UK said its domestic commercial business saw an 11.9% increase in operating profit and further 1.3pp reduction in COR to 94.1%. It added “clear appetite articulation has driven success across Commercial with mid-market cross selling nearly doubled
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 or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insight
Aviva restructures GCS team as Probitas CEO Washington leaves
Matt Washington, managing director of Global Corporate & Specialty at Aviva and CEO of Probitas, is set to leave the insurer as it restores his responsibilities into two roles.
Axa reports UK and Ireland softest markets in Europe in FY results
Axa UK and Ireland saw the softest markets across commercial and personal lines within the group’s European business, it reported today.
Bspoke secures £250m capacity deal with Accelerant
Bspoke Underwriting, the UK personal lines MGA, has secured a five-year capacity deal via the Accelerant Risk Exchange providing £50m of capacity annually.
News analysis: Why are more brokers competing for brand and affinity partnerships?
A number of brokers have recently announced tie-ups with household brands to distribute insurance. Ida Axling explores the benefits these affinity deals bring for intermediaries and their partners, and the prospects for future growth in the brand-insurance space.
Hiscox recruits Jadav from Axa XL as UK CUO
Anish Jadav has been appointed UK chief underwriting officer at Hiscox, succeeding Ben Horton.
Ageas posts higher UK premium amid deal effects starting to kick in
Ageas grew UK premium by 6% to €1.93bn (£1.68bn) last year with the insurer noting a “solid UK result despite [the] softer market”.
Hiscox grows UK book even faster in 2025
Hiscox’s growth momentum has accelerated again in the UK, with the insurer excited about its results and even “more excited about the future” with brokers, according to group chief underwriting officer Joanne Musselle.
Wiser Academy launches bite-size training platform
Wiser Academy has launched a free digital platform supporting more consistent learning by making content easier to access and complete, and giving employers better visibility of skills development and progression.