Allianz strong despite floods
Allianz Insurance has posted stable figures for the first half of 2007, as a result of its commercia...
Allianz Insurance has posted stable figures for the first half of 2007, as a result of its commercial income and reserve releases.
Driven by significant increases in premium income through commercial lines (up 12.7%), the insurer's total net written premium for the period up to 30 June was £687.3m, with overall profit before tax rising by around 3% to £105.4m. Its combined ratio rose just 0.1% to 95.5%.
However, Allianz's combined ratio for personal lines suffered, owing to the impact of the
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