Profits down at Allianz UK despite 12% increase in 2014 GWP
Allianz UK CEO Jon Dye has heralded his firm's 2014 results as being "well ahead of our expectation", despite seeing operating profit before tax fall and the retail business suffer an underwriting loss.
The insurer reported an "excellent" 12% increase in revenue from £1.93bn of gross written preemium in 2013 to £2.16bn last year, with around 500,000 new policies in place compared to 2013.
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