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International

Allianz’s corporate insurance unit back in black

February 24, 2022 Reprints

Allianz Global Corporate & Specialty SE’s operating profit jumped to €366 million in 2021, compared to the €482 million loss posted in 2020, Xprimm reported. The corporate insurer’s gross written premium increased almost 2% year-on-year to €9.5 billion ($11 billion) in 2021, driven by rate hikes, new business and higher renewal base.

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Allianz’s corporate insurance unit back in black

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