Allianz Cornhill's end of year results, released today, reveal increased profits and an improved combined ratio.
Pre-tax profits increased by 37.3% to £218.4m, while gross written premiums rose from £1.74bn in 2003 to £1.77bn, an increase of 2%.
Chief executive Andrew Torrance said: "2004 was a year of substantial achievement and all the divisions made a strong contribution to our record results. As an organisation we have achieved a lot over the last two years but there is still more to do.”
