Allianz promises to take rating action to meet targets
Allianz has reported an operating profit of £140.8m for year end 2008, compared to £97.4m in 2007 in its it released its Q3 results for 2008. Gross written premium increased slightly to £1153.7m (£1142.2m: 2007), while the insurers combined ratio improved to 95.4% compared to 99% in 2007.
In the insurer's divisional results breakdown, commercial lines gross written premium increased to £689.4m (£ 674.4m), and the combined ratio shot up to 88.8% (97.7%). Meanwhile, Allianz's retail
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