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