7 August, 2026
Strong first-half performance reinforces Allianz's momentum in UK.
Half year results for Allianz Group released today reveal revenues of £3.5 bn across Allianz UK, Allianz Commercial, Allianz Trade and Allianz Partners.
Allianz UK 6M 2026 key highlights:
- Reporting the 6th successive half year announcement of record profit levels.
- Celebrating new partnerships with LV= and Asda
- Launching Slick Cover, a motor proposition offering a seamless experience
- Enhancing digital trading capabilities and expanding appetite
Colm Holmes, Chief Executive Officer, Allianz UK said:
"I’m pleased with the results for H1 2026 with all business lines reporting improved operating profit and combined operating ratios (COR). This demonstrates the success of our strategy and the resilience of our business. Overall total business volume has remained largely flat compared to prior year, but we have seen improved retention rates in all trading areas and increased customer numbers reflecting our commitment to long-term sustainable and profitable growth. While market conditions remain challenging, we have remained focused on disciplined underwriting, expense management and pursuing strategic growth in selected segments.
"Across the business we have made great strides, ranging from launching new partnerships and products, to embracing AI tools. Our focus is on using technology, insight and expertise to make insurance simpler, more efficient and more responsive for customers and brokers. This includes our AI-enabled capabilities, backed by Allianz Group, digital trading enhancements and new propositions such as Slick Cover, our new hi-tech, low-cost, digital car insurance product. We are turning ideas into practical outcomes that improve service, efficiency and customer experience.
"Most importantly, our customers are feeling the benefits. Our claims transformation continues to deliver positive outcomes, while recognition through customer loyalty measures and independent service quality awards, such as Gracechurch, reflects the dedication of our people and the strength of our customer proposition."
Financial highlights
Allianz's insurance businesses in the UK
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| Total Business Volume | HY 2026 (£m) | HY 2025 (£m) | Variance |
| Allianz UK | £2,271.0 | £2,278.7 | -0.3% |
|
Allianz Commercial (formerly AGCS)
Allianz Partners, Allianz Trade |
£1,268.9 | £1,361.4 | -6.7% |
| Total | £3,540.0 | £3,640.1 | -2.8% |
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| Allianz UK (Holdings) | HY 2026 (£m) | HY 2025 (£m) | Variance |
| Operating Profit | £265.0 | £224.3 | 18.2% |
| Total Business Volume | £2,271.0 | £2,278.7 | -0.3% |
| Combined Operating Ratio | 90.9% | 92.9% | 2pp |
Segmental highlights
Commercial lines
- Market conditions remain challenging but through offering simpler, faster, and more empowered broker journeys the commercial lines business is well positioned to achieve the aim of making Allianz the easiest insurer to do business with.
- Commercial’s ongoing transformation is delivering for brokers and customers, including an expanded appetite, product enhancements, and enhanced digital trading capabilities. Expanding digital distribution through strategic partnerships, including Simply Business, broadens access to Allianz products and extends reach into micro-SME customers.
- Broker relationships remain key and Allianz Commercial has improved broker confidence and trust, strengthening partnerships through improved service standards and better engagement across broker segments.
Personal lines
- Allianz UK’s personal lines business is performing well in a competitive market with increased operating profit and improved COR.
- The ongoing expansion of Allianz UK's diversified distribution strategy has included new partnerships with LV= and Asda.
- The business has also continued to develop new propositions to broaden its appeal across different customer segments including the launch of Slick Cover. Built on a fully digital platform, Slick Cover is designed to be future ready allowing rapid innovation, continuous improvement and the flexibility to adapt quickly as customer expectations and market conditions evolve.
Specialty (Pet)
- Allianz Specialty delivered growth, despite softer demand across the pet insurance sector, driven by strong trading performance, pricing discipline and market share gains, particularly on price comparison websites.
- 2026 marks an important milestone as Petplan reaches its 50th anniversary, celebrating five decades of delivering specialist insurance solutions and driving technical excellence in the pet market.
- Allianz Specialty continued to invest in innovation, automation and data-driven decision making to improve service and efficiency. Progress on claims automation and machine learning initiatives is helping deliver faster, simpler customer experiences while strengthening operational performance, underpinning confidence for the second half of 2026.
Outlook for 2026
Colm Holmes continued:
“We’ve had a confident start to the year and it’s clear to see the benefits of our distribution strategy, ongoing commitment to disciplined underwriting, and laser-like focus on customer and broker service. I’d like to extend my thanks to my colleagues for all their hard work so far this year.
“As we move into the second half of the year, we are set up for success and remain confident in our ability to deliver against our priorities. We are facing into the future with optimism using expertise and technology to meet changing customer and market dynamics. We remain committed to strengthening our brand, enhancing service excellence, and supporting our customers and partners in a rapidly evolving world.”
Definition: Total Business Volume is the premium received by the business for both insurance and non-insurance operations.
Media contacts
Amy Yorston – External Communications Manager
amy.yorston@allianz.co.uk / 07794 266 474
Ben Moss – Head of External Communications
benjamin.moss@allianz.co.uk /07385 435 568
Related links
More information can be found in the Allianz financial calendar.
About Allianz
The Allianz Group is one of the world’s leading insurers and asset managers, active in almost 70 countries and serving around 97 million private and corporate customers*. Our customers benefit from a broad range of personal and corporate insurance services, including property, life and health insurance, as well as assistance services, credit and global business insurance. Recognized for the seventh consecutive year as the number one global insurance brand in Interbrand’s Best Global Brands 2025 ranking, Allianz’s success is built on technology-enabled customer centricity – providing peace of mind, protection, and prevention for our customers and strengthening the resilience of individuals, communities, and societies. We are one of the world’s largest investors, managing around 791 billion euros** on behalf of our insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 2.2 trillion euros** of third-party assets. Thanks to our systematic integration of environmental and social criteria in our business processes and investment decisions, Allianz received an MSCI ESG Rating of AAA (as of March 2026). In 2025, our 156,000 dedicated employees achieved a total business volume of 186.9 billion euros and an operating profit of 17.4 billion euros for our shareholders.
* As of December 31, 2025. Customer count reflects Allianz customers in consolidated entities that are part of the customer reporting scope only.
** As of June 30, 2026
Mandatory corporate information: Corporate discloures
These assessments are, as always, subject to the disclaimer provided below.
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This document includes forward-looking statements, such as prospects or expectations, that are based on management's current views and assumptions and subject to known and unknown risks and uncertainties. Actual results, performance figures, or events may differ significantly from those expressed or implied in such forward-looking statements.
Deviations may arise due to changes in factors including, but not limited to, the following: (i) the general economic and competitive situation in the Allianz’s core business and core markets, (ii) the performance of financial markets (in particular market volatility, liquidity, and credit events), (iii) adverse publicity, regulatory actions or litigation with respect to the Allianz Group, other well-known companies and the financial services industry generally, (iv) the frequency and severity of insured loss events, including those resulting from natural catastrophes, and the development of loss expenses, (v) mortality and morbidity levels and trends, (vi) persistency levels, (vii) the extent of credit defaults, (viii) interest rate levels, (ix) currency exchange rates, most notably the EUR/USD exchange rate, (x) changes in laws and regulations, including tax regulations, (xi) the impact of acquisitions including and related integration issues and reorganization measures, and (xii) the general competitive conditions that, in each individual case, apply at a local, regional, national, and/or global level. Many of these changes can be exacerbated by terrorist activities.
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Press contacts
Sara Robinson
External communications manager
External communications manager
Email: sara.robinson@allianz.co.uk
Mobile: 07918 470 463
