Weather and inflation turn up the heat on Allianz Holdings’ profit
Allianz Holdings saw its 2022 operating profit more than halve as a result of higher-than-expected inflation and continued disruptive weather, CEO Colm Holmes has said.
For the Holdings business, consisting of Allianz Commercial and Allianz Personal, which includes Petplan and LV, gross written premium saw growth on all fronts.
58%Inflation and severe weather
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