Allianz UK COR remains steady at 95.3% as profits drop for H1 2010
Allianz has recorded a reduced profit before tax of £78.4m (H1 2009: £88.3m) for H1 2010, as the insurer’s combined operating ratio deteriorated slightly to 95.3% (H1 2009: 94.9%).
The insurer recorded gross written premiums of £861.2m for H1 2010, an increase of £36.2m from prior year (H1 2009: £825m).
Allianz chief executive Andrew Torrance said the reduced profit could be
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