Allianz Group and AGCS released its financial results for the second quarter 2018 ('6M 2018').
- In the first half year 2018, AGCS gross premium written rose to €4.371 billion (6M 2017: €3.939 billion), which is an increase of €432 million year on year.
- The combined ratio for 6M 2018 improved by 1.2 percentage points and now stands at 97.7% (6M 2017: 98.8%). This ratio benefitted from a relatively benign loss environment in the first half of 2018, but also from lower expenses as result of productivity improvements across the business.
- Operating profit reached €233 million for 6M 2018 (6M 2017: €225 million). The moderate increase of €8 million in operating profit year on year is driven by better underwriting performance, which has been partly offset by lower investment income.
For the full AGCS picture, download the AGCS Q2/6M 2018 results briefing here
For more information on Allianz SE results, please visit the Investor Relations page.