Allianz Cornhill profits fall & combined ratio rises
Allianz Cornhill's 2005 profits fell to £206.4m (2004: £210.6m) while its combined ratio rose to 94.9% (2004: 94%), its financial results reported.
The biggest hit for the insurer was in personal lines, where the combined ratio rose to 101.5% (2004: 95.9%) on top of a fall in premium income to £275.8m (2004: £323.4m).
Ceo Andrew Torrance
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