Allianz UK (Holdings) has reported an operating profit of ££476m for 2025, an increase of 29.5% on the previous year. Its combined operating ratio was 93%, an improvement of 2 percentage points on 2024. Total business volumes were £4.6bn, down by 0.3% on the previous 12 months.

In addition, Allianz Commercial (formerly AGCS), Allianz Partners and Allianz Trade added a further £2.7bn to business volumes, taking the total for the insurer’s UK businesses to £7.3bn.

Detailing its performance in specific business areas, Allianz UK said Allianz UK Commercial had seen an 11.9% increase in operating profit and had reduced its combined operating ratio by 1.3 percentage points to 94.1%.

Allianz UK Personal increased its operating profit by 69.2% and delivered a combined operating ratio of 94.5%, a 2.7 percentage point improvement on the previous year.

Allianz UK Speciality (pet) upped operating profit by 24.5% and its combined operating ratio nudged down to 85%.

Colm Holmes, chief executive officer at Allianz UK, said: “I’m pleased with what Allianz UK has achieved in 2025, with revenue growth in all three lines of business – Commercial, Personal and Specialty.

“We also reduced our combined operating ratio by 2 percentage points, increased operating profit by almost 30% and improved productivity by 10%. All of which was delivered against a backdrop of soft market conditions and inflationary pressures. The results demonstrate our investment in transformation and digitalisation, focus on disciplined underwriting and service excellence.”