Allianz UK has reported gross written premium of £2.21bn for the first half of 2024. This is a 5.5% increase on the same period last year. The carrier said its combined operating ration had improved by 1.9 percentage points to reach 94.6%. Its operating profit for H1 was £174.8m, which was up by 55% on last year.

Colm Holmes, chief executive officer of Allianz Holdings said: “The first half of this year is an important chapter in the story of Allianz in the UK. I am pleased with the progress we made; the actions we took delivered improvements in premium, combined operating ratio and profit.

“These offer clear evidence that our strategy of focused expansion is working; indeed we are confident of carrying this momentum through to the end of the year and beyond. Feedback from customers, partners and brokers tells us our momentum is catching their attention – they like where we’re heading and how we’re getting there.”