Allianz premium growth outperforms German market

Premiums rose by 1.6% against a market rise of 0.2% • Generali profits up 21% • Lloyd’s positions for Polish licence

Preliminary 2007 figures for Allianz Deutschland AG and its subsidiaries show that premium income grew by 1.6% to €26.1bn ($40.5bn), and that operating profit grew by 13.9% to €2.2bn ($3.4bn). Chief executive Gerhard Rupprecht was proud of the fact that the company was able to grow faster than the market (figures from the GDV insurers’ association suggested that the German market grew by 0.2% last year), and increase profit significantly, while still restructuring.