Q1 profits up one third at Allianz Cornhill
Allianz Cornhill’s first quarter operating profit reached £46.3m, up 29% over the same period last year, but its core commercial lines book rose just 2.3% in premium income.
With group premiums increasing by 3.7% to £463.7m over the same quarter in 2003, Allianz Cornhill posted a combined ratio of 96.2% compared to the 97.8% registered in the same period last year.Comme
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