Allianz UK posts improved 2017 operating profit and COR
Revenues at the insurer tick up by 2%.
Allianz has reported a combined operating ratio (COR) in the UK of 97.8% for 2017, an improvement on the 99.2% achieved in 2016.
The result was mirrored in the operating profit which increased to £121.3m from £96.2m in the previous 12 months.
The insurer also revealed that it had suffered a £22m hit from the change in the discount rate.
The uplifts came as gross written premium nudged up by 2.1% to £2.19bn (2016: £2.14bn).
The breakdown of the figures showed that the commercial lines book
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