Allianz pre-tax profits halved to £24.7m by weather losses
Allianz UK has seen its Q1 performance hit by weather losses but maintained a positive result, reporting a pre-tax profit of £24.7m, down 47% from £46.8m in 2013.
The insurer reported a combined ratio of 99.8%, deteriorating from last year's equivalent of 95.2%.
The performance was worst in Allianz' retail business, which reported a COR of 102.5%, a substantial
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