Allianz UK GI profit halves to £42m in Q3 2010
Allianz this morning reported that in the UK gross premiums were up at €463 m (£400 m) in the third quarter of 2010 (Q3 2009: €427 m).
However, the business saw its operating profit more than half to €49 m (Q3 2009: €98 m). Its combined operating ratio deteriorated to 96.8% from 83.6% in Q3 2009.
For the nine months to 30 September
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