AGCS back in black in 2021 with EUR366mn profits as group earnings up 25%
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AGCS back in black in 2021 with EUR366mn profits as group earnings up 25%

Samuel Casey
18 February 2022
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Allianz Global Corporate & Specialty (AGCS) swung back into profit in 2021, posting returns of EUR366mn ($416mn) after a loss of EUR482m in 2020. It also reported a 97.5% combined ratio, an 18-point year-on-year improvement.

At a group level, profits at the German carrier increased by 25% to a record high of EUR13.4bn.

AGCS: Operating profits came in at EUR366mn, after the unit swung to a loss of EUR482mn in 2020, with Covid-19 putting a...

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Samuel Casey
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