
Allianz UK boosts GWP in 2024 as operating profit up 52%

Allianz UK has reported a 5.5% rise in total business volume last year to £4.66bn with profit surging ahead.
The growth, measuring premium received for both insurance and non-insurance operations, has followed topping £4bn of premium for the first time in 2023.
Operating profit rose 52% to £367.8m in 2024 as the combined operating ratio improved year-on-year from 96.9% to 95%.
In commercial lines, excluding the engineering business, the COR came in at 95.4% with £1.47bn of premium.
These results were achieved despite a continuing backdrop of higher claims costs and softening market conditions
According to
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk