Allianz Group announces revenue of £6.5bn in UK
Authored by Allianz
Full year results for Allianz Group released today reveal that the organisation continued its strong growth in the UK in 2023, achieving a total revenue of £6,563.2m.
Highlights:
The creation of Allianz Commercial, Personal and Specialty during 2023 brought a clear strategic vision across the strong and trusted brands making up Allianz Holdings. The top line result of over £4bn is a reflection of the diverse portfolio and long term commitment to markets.
Allianz Commercial large-corp and speciality (Allianz Global Corporate & Specialty UK) continued its positive growth trend, increasing gross written premiums with a strong performance driven by new business and strong retention.
Allianz Trade in the UK delivered consistent year-on-year revenue growth across all its main lines of business and income streams. Client retention levels remained strong throughout the year and new customer acquisition accelerated in the second half against a backdrop of increased business insolvencies and economic uncertainty.
Allianz Partners grew its revenue to £409.5m, driven by strong consumer demand across its Travel and Mobility lines of business as well as the launch of a number of new strategic partnerships, particularly in the Travel insurance market.
To view the full results from Allianz, CLICK HERE
About Allianz
Allianz Insurance is one of the largest general insurers in the UK and part of the Allianz Group, a leading integrated financial services provider and the largest property and casualty insurer in the world.
The mission of Allianz Insurance is to be the outstanding competitor in our chosen markets by delivering products and services that our clients recommend, being a great company to work for and achieving the best combination of profit and growth. We aim to achieve this by putting the customer at the heart of everything we do.
Allianz is able to offer customers a wide range of products and services including home and motor and commercial insurance with full range of products and service for sole traders' right up to large commercial organisations.
Allianz Insurance employs over 4,500 people across a network of 20 offices in the UK and the company’s Head Office is situated in Guildford, Surrey. Our heritage and financial strength help make Allianz what it is today; a safe and trusted partner. Over 40 FTSE100 companies partner with Allianz. youTalk-insurance sharing Allianz Insurance news and video