Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Allianz nearly doubles Q4 net profit, helped by health and life business

by Staff GBAF Publications Ltd
0 comment

Allianz nearly doubles Q4 net profit, helped by health and life business

FRANKFURT (Reuters) -Germany’s Allianz nearly doubled its fourth-quarter net profit from a year earlier, a figure that came in just slightly below expectations, figures on Friday showed.

The company said that its quarterly performance was helped by its life and health insurance business, especially in the United States and Italy.

Net profit attributable to shareholders of 2.151 billion euros ($2.33 billion) in the three months through December compares with 1.104 billion euros a year earlier. The figure fell just short of a 2.186 billion euro consensus forecast.

The strong showing in the fourth quarter helped the company lift its full year net profit by 33% to 8.541 billion euros.

($1 = 0.9238 euros)

(Reporting by Tom Sims and Alexander Huebner, Editing by Rachel More)