Results for the first half of 2019 show decreased profit and an £8.4m Ogden hit as company reports growing GWP.
Provider says results were impacted by bringing the GI business together with UK Digital, as it moves ahead with its cost reduction plan.
UK CEO Andy Watson says insurer is to focus on growth after restructuring and exiting unprofitable schemes, as he discusses why he does not think the government has "covered itself in glory" when setting the new discount rate.
The CEO blamed Ogden for the increase as he pledged commitment to UK brokers and discussed the impact of the L&G deal following LV interim results.
Despite its Ogden woes, the motor insurer was able to post a £3.1m profit for H1 2019.
The Allianz CEO points to 3.7% underlying business growth as he discusses the provider's half-year results and weighs in on the amended discount rate.
Purchasing the remaining stake in LV has impacted the provider’s half-year numbers.
The CEO for UK & International is awaiting full year numbers ahead of any celebration as UK COR improves to 94%.
The $5.6bn deal completed on 1 April this year as the business flags a flat EMEA performance.
In force policies at the broker-focused part of the business grew 2.4% as the group numbers flag a £15.9m Ogden hit.
Firm head believes brokers have a bright future in motor providing they are aware of their place in the value chain.
Profit increased for the firm in first full year results since Aston Scott and Lark merged as the business commits to more deals with comparative analysis showing turnover of £57.4m.
Chairman Robert Childs blames the integration of a new IT system.
But provider also reveals 189% pre-tax profit jump as new head of broker relations, Lou Ann Layton, states there is “lots of room for growth in the brokerage community”.
Company says it had believed the rate would end up between 0 and 1%, as Biba states move to -0.25% is "nowhere near enough".
Rising expenses counteracted an increase in turnover.
Commercial director says the business has been working to create a more proactive customer experience.
Software house set to pursue more deals as document reveals it paid £3.5m for Surrey-based ICE InsureTech in November 2017.
After the firm's turnover reached £52.7m in 2017 it has risen 6% in 2018 to £55.8m.
Figures from Plimsoll Publishing show average profit margins are 5.7% for the current year, after consistently increasing since last year.
Most recent results for Tokio Marine Kiln Group show losses for TMKI which is now being placed in run-off.
Consolidator's losses increased in 2018, but turnover jumped to £106.8m as it is set to continue its buying spree after £200m debt refinancing.
Network saw operating profit rise by 71%.
Bravo Group to agree loan worth £80m earmarked for acquisitions from major bank, as the business reports growing revenues for 2018.