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Allianz Holdings posts UK COR of 99.2% for 2022

By 2023-02-17T12:40:00

financial results

Combined revenue for the insurer’s UK businesses reached £5.6bn in 2022, its financial results showed

Allianz Holdings’ combined operating ratio (COR) for its operations across 2022 reached 99.2% – up six percentage points from 2021’s figure 93.2%.

The insurer’s full year financial results for 2022, published today (17 January 2023), also showed that operating profit for the 12 months of 2022 fell by 58.3% to 132.3m – down from £317.6m the previous year.

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