Insurance Post

Allianz UK nine-month profit down £10m despite GWP improvement

Allianz 120x60

Allianz has reported pre-tax profits down 9% at £117.2m in spite of gross written premiums increasing by £181m.

The figures contrast with last year's equivalent performance of a £128.7m profit off £1459.7m in gross written premiums.

The insurer's year-to-date combined ratio also worsened to 96.9% from last year

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