Allianz UK has reported a 5.5% rise in gross written premiums final yr to £4.66bn with revenue surging forward.
The expansion has adopted topping £4bn of premium for the primary time in 2023.
Working revenue rose 52% to £367.8m in 2024 because the mixed working ratio improved year-on-year from 96.9% to 95%.
In industrial strains, excluding the engineering enterprise, the COR got here in at 95.4% with £1.47bn of premium.
These outcomes have been achieved regardless of a seamless backdrop of upper claims prices and softening market circumstances
In response to Allianz the efficiency “was underpinned by strong retention charges and
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