Allianz Holdings sees H1 profits cut as inflation runs ahead of expectations
Allianz Holdings has seen its half-year profits cut by 42% year-on-year as a result of inflation running ahead of its predictions and pricing assumptions, the insurer said on Friday.
The business posted an operating profit of £99m for the first six months of the year compared to £170m for the first half of 2021, as its combined operating ratio deteriorated 5.5 percentage points to
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