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AGCS 12 months results update

Published

2021

Fri

19

Feb

 

In an extremely challenging environment in 2020, Allianz demonstrated resilience to an unprecedented health crisis and prolonged interest rates. The financial performance in the fiscal year 2020 has been remarkably robust across all business segments, though the Covid-19 pandemic left its mark, especially in the Property-Casualty commercial lines.


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AGCS 12 months results update
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Source: Allianz Global Corporate & Specialty (AGCS)
 
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From The Glossary »

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UPR, 24ths Method:

A method of calculating the unearned premium provision and earned premium revenue (for annual premiums when they are to be spread evenly over the policy term). This method assumes that all premiums are written in the middle of the month, with the result that in the first month, one twenty fourth of the premium is earned, in the second month, three twenty fourths is earned, and so on.
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