H1 results from Allianz Group show that revenues across its UK operations – Allianz UK, Allianz Commercial, Allianz Trade and Allianz Partners – totalled £3.6bn. It said Allianz UK (Holdings) returned an operating profit of £224.3m for H1 2025, up by 28.4% on the same period last year. Its combined operating ratio of 92.9% was an improvement of 1.7 percentage points on H1 2024.

Colm Holmes (pictured), chief executive officer at Allianz UK, said: “I am pleased with the performance so far this year. The increase in profitability is an obvious highlight but this just represents the outcome from the extensive investments we have been making in our business over the past two years. Our focus remains on disciplined, profitable growth and through our always advancing technical expertise and pricing capabilities we are seeing the results of that approach.

“Our strategy to expand our distribution in personal and commercial is beginning to deliver tangible benefits to our underlying business and is evidenced in numerous ways including our new partnerships with brands such as VWFS UK and Sainsbury’s Bank.

“In commercial we have continued to see impressive growth in our targeted mid-market segments. Our broker community has expanded as we continue to build closer relationships with our broker partners of all sizes.

“At Allianz we value each and every one of those relationships and will continue to build mutual innovative market solutions in the future.”