Insurer’s loss ratio climbed to 96%

Allianz UK’s general insurance business made an operating profit of €201m (£165m), according to group results released today

This is down 6.5% from the €215m made in 2012.

The combined operating ratio (COR) deteriorated by 0.4 percentage points to 96% from 95.6% in 2012. This was made up of a rise in both the loss and the expense ratio. The loss ratio climbed to 64.5% (2012: 64.3%), while the expense ratio also increased by 0.2 percentage points to 31.5% (2012: 31.3%).

Over the fourth quarter of 2013 the COR hit 96.8%, up from 94.4% in Q4 2012 despite a 0.2 percentage point improvement to the expense ratio.

Profit for Q4 also decreased, falling 18% to €50m from €61m in Q4 2012.

Full UK results are set to be released 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.
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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