Allianz UK boss praises insurer’s ‘strong technical foundations’ after profit boost

Allianz UK chief executive Colm Holmes has said that “strong technical foundations” contributed to the insurer boosting its operating profit by 28.4% in the first half of 2025.

In a trading update published on 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.

Investment

Holmes said Allianz UK had remained “incredibly disciplined” around underwriting and felt the firm’s investment in technology helped improve its numbers.

“What’s driven [growth] is very much a focus on strong technical foundations for our business,” he added.

“We’ve been investing very heavily in data and analytics – we’ve also been investing in technology.

“It’s the underlying foundations of the business that are much stronger than they previously have been, but this is somewhat the start.

“We’ve only this year started rolling out a lot of that technology investment that we’ve been making and in the next 18 months, I expect to see a continued change in the quality and speed of our delivery to customers and brokers.”