’The increase in profitability is an obvious highlight but this just represents the outcome from the extensive investments we have been making in our business over the past two years,’ says chief executive

Allianz UK has revealed that its operating profit grew by 28.4% in the first half of 2025.

In a trading update published today (7 August 2025), the insurer said that it secured £224.3m in profit during H1 2025, up from £174.7m during the same period last year.

Combined operating ratio (COR) also improved between the two periods, shifting from 94.6% to 92.8%.

The improved figures come following revenues of £3.6bn across Allianz UK, Allianz Commercial, Allianz Trade and Allianz Partners.

The firm said that while the market “remains fiercely competitive” amid the soft market and lingering inflationary factors, it was confident that business implementations such as strategic partnerships and investments in digital capabilities would allow it to “maintain momentum”.

Colm Holmes, chief executive at Allianz UK, said: “I am pleased with the performance so far this year. The increase in profitability is an obvious highlight but this just represents the outcome from the extensive investments we have been making in our business over the past two years. Our focus remains on disciplined, profitable growth and through our always advancing technical expertise and pricing capabilities we are seeing the results of that approach.

“Our strategy to expand our distribution in personal and commercial is beginning to deliver tangible benefits to our underlying business and is evidenced in numerous ways including our new partnerships with brands such as VWFS UK and Sainsbury’s Bank. In commercial we have continued to see impressive growth in our targeted mid-market segments.

”Our broker community has expanded as we continue to build closer relationships with our broker partners of all sizes. At Allianz we value each and every one of those relationships and will continue to build mutual innovative market solutions in the future.”

H2 2025

Looking ahead to H2 2025, Holmes said the firm was ”embracing technology that will make us simpler and easy to do business with whilst continuing to invest in our people to maintain and develop the technical excellence that we’re known for”.

He added: “We’re working smarter, adapting to shifting customer and market dynamics through strategic partnerships and we’re winning new distribution deals based on our brand, and the digital self-serve capabilities we are building. 

“We will continue to deliver on our transformation and focus on disciplined underwriting. Last year we came together to lift our ambitions as ‘One Allianz’ and are now in delivery mode to give our customers, brokers and clients a smarter and simpler experience as part of a strong Allianz UK.”

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