Share

Allianz first quarter earnings up 24%

The CFO of the German insurance giant, Dieter Wemmer, confirmed the targets for the whole of 2013, which foresee an operating profit between 8,7 and 9,7 billion euros.

Allianz first quarter earnings up 24%

Allianz it closed the first quarter with a net profit up 24% on an annual basis, to 1,71 billion. Revenues reached 32 billion (+6,6%, above market expectations), while operating profit increased by 19,9%, to 2,8 billion.

The CFO of the German insurance giant, Dieter Wemmer, confirmed the targets for the whole of 2013, which foresee an operating profit between 8,7 and 9,7 billion euros. The share on the Frankfurt Stock Exchange was positive, up by more than one point. 

comments