German insurer Allianz hasreported a 70% jump in first-quarter pre-tax profits, boosted by one-off gains from the sale of industrial holdings.
Group pre-tax profits between January and March rose to €2.4bn (£1.5bn) from €1.4bn (£883m) in the same period last year.
Net income leapt 171% to ¤1.9bn (£1.2bn). The group's combined ratio for the first quarter rose 0.7 points to 103.4%. This was better than the ratio for 2001, which was 108.8%.
Allianz said general insurance premiums in the UK had grown by 18.2% to €700m (£441.5m).
The group's total first quarter revenue was €25.4bn (£16bn).
Allianz said the rise in profits had been spurred by the sale of its stakes in Munich Re and telecommunications group Mannesmann.
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.
