Insurance Post

Allianz Cornhill profits up

Allianz Cornhill has announced a 13.2% increase in pre-tax profits for the first half of 2004, compared to the same period last year.

In general insurance, gross written premiums reached £936.6m, up 2.3% from last year. Its overall pre-tax profit was £92.4m, with a 95.1% combined ration – from 95.9% last year.

The company said that

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