Allianz CEO Jon Dye partly credits broker support for the firm’s Q1 results
Commercial lines GWP increased, while the provider's COR improved to 94.8% in the first quarter of the year.
Allianz UK’s Q1 2019 results saw nearly a 10% rise in commercial lines gross written premium (GWP) to £319.5m.
However, the provider’s commercial lines combined operating ratio (COR) deteriorated to 96.7% from the 95.1% posted for the same time period last year.
The firm’s overall results saw a fall in GWP to £493.5m from £542.7m in Q1 last year. Its operating profit rose however to £51.2m (Q1 2018: £39.8m) and it’s COR was 94.8%, compared to 95.2% in the first quarter of 2018.
Commercial
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