Allianz nine month results drop in operating profit
Higher catastrophe claims have hit Allianz profits this year.
Nine-month operating profit in property and casualty fell 9.9% to €3.3bn compared to the same period last year.
Last year the group results were boosted by the sale of Fireman’s Fund, whereas there were no sales to benefit this year’s results.
Growth was flat, with gross written premiums held at €11.5bn.
In the third quarter alone, Allianz enjoyed a 4.3% increase in operating profit to €1.4bn euros amid benign catastrophe claims and lower large losses.
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.
No comments yet