Allianz CEO Torrance blasts 99.1% COR as 'unacceptably poor'
Allianz UK's commercial lines combined operating ratio deteriorated to 99.1% for the first nine months of 2012 from 95.1% in Q3 2011 as the retail non-motor COR worsened to 101.7%.
The overall combined operating ratio also deteriorated, from 95.8% in Q3 2011 to 96.7% in Q3 2012, and the IFRS operating profit before tax took a slight dip to £115m from £123.6m in Q3 2011.
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