Allianz Insurance profit up 5.2%

Andrew Torrance Allianz August2009

The UK arm of the German giant recorded a combined ratio down 2.3 percentage points to 92.9%, with the retail business improving its COR by 8.2 percentage points over 2008.

Allianz Insurance has reported an IFRS operating profit up 5.2% to £203.7m on gross written premium up 3.7% to £1588.1m in 2009.

The UK arm of the German giant recorded a combined ratio down 2.3

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