Allianz UK saw its profit fall 2% in the first half of 2011, Allianz’s group accounts reveal.
Allianz’s UK operating profit was €89m (£77.5m) in the first half of 2011 compared with €91m in last year’s first half. The company’s first half combined ratio was 96.2% - 0.9 points worse than the 95.3% it posted in the first half of 2010.
The decline comes despite a 6% increase in gross written premium to €1.1bn (H1 2010: €991m).
In the second quarter alone, Allianz UK’s operating profit remained flat at €49m. Gross written premiums increased 1% to £533m, and the combined ratio increase 1.2 points to 95.4%.
Allianz Insurance plc, Allianz’s UK division, reports its results next week.
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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