Allianz group reports profits up, but COR worsens in first quarter
Allianz group reported first quarter operating profit rose 9.4% from a year earlier to €2.9bn, while revenues rose 2.5% to €36.2bn.
In property and casualty insurance, the combined ratio rose 2.3 percentage points to 95.6% largely due to claims stemming from large losses and natural catastrophes.
“Our first quarter results were a good start into 2017 and our balance sheet remained strong,” said chief executive Oliver Baete.
Prior-year figures have been restated due to accounting changes. Allianz will publish further details on business developments in the first quarter on 12 May.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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