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Allianz: operating profit above estimates, +4,8%

Operating profit well beyond analysts' expectations for Allianz in the third quarter: +4,8% – Premium income also rose, from 34 billion to 37,8 billion

Allianz: operating profit above estimates, +4,8%

The Allianz group has registered a operating profit in the first quarter of 2015 of 4,8% compared to the same period of the previous year by touching i 2,86 billion euros. The data, released by the leading group in the insurance sector in Europe, are preliminary and are higher than the expectations of analysts who stopped at a forecast of 2,6 billion.

Salt there premium income, which goes from 34 billion to 37,8 billion, and the net profit increasing by 11% to 1,82 billion. The outgoing CEO, Michael Diekmann, who will leave the leadership of the group after the shareholders' meeting to Oliver Baete, said: "our quarterly results have represented a good start to 2015 and we remain confident that we will be able to achieve the target of an operating profit for the year of 10,4 billion with a margin of plus or minus 400 million”.

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