Profits up at Allianz in 2018
But GWP dipped slightly as personal lines business transferred to LV.
Allianz Insurance has reported a small dip in gross written premium (GWP) but a rise in operating profit for the full year 2018.
The business posted a GWP of £2.04bn in 2018, compared to £2.11bn in the preceding year.
Meanwhile its operating profit increased to £172.9m (2017: £121.3m) and its combined operating ratio (COR) improved to 96.3% from 98.1% in 2017.
Looking at the commercial lines business, GWP rose slightly to £1.18bn in 2018 (2017: £1.09bn) and COR improved to 94.7% (2017: 95.1%)
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