Allianz UK's profits defy recession
Allianz UK has reported 2011 GWP up more than 10% to £1832.2m (2010: £1663.7m) with operating profit up more than 6% to £168.7m (2010: £158.5m).
The UK arm of the German insurer reported a 0.2 point fall in its combined ratio to 95.7% (2010: 95.9%), the improvement coming in its commercial division that cut its COR by half a percentage point
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