Allianz returns to 'business as usual' with strong 2016 profits

Jon Dye

The group's combined operating ratio also improved from 102.6% in 2015 to 96.4% last year. Allianz's gross written premiums fell 3.5% however from £2.22bn in 2015 to £2.14bn in 2016 as a result of the group's exit from direct home and motor. Allianz CEO Jon Dye, pictured, said: "The 2016 profit of £154m represents the return to a strong ‘business as usual' performance compared to the adverse weather affected result in 2015. "In commercial lines the business did well to achieve gross written