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Allianz Posts Big Rise in Operating Profit

Allianz said Monday that net income from continuing operations rose to 1.3 billion euros from 545 million euros in the third quarter of 2008. Total revenue rose 5.2% to 22 billion euros. Full Article at The Street

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  1. Nov. 9 (Bloomberg) -- Allianz SE, Europe’s biggest insurer, said third-quarter profit from continuing operations more than doubled as investment income recovered from year-ago writedowns. Full Article at Bloomberg.com

  2. LONDON (MarketWatch) -- German insurer Allianz on Monday reported a third-quarter net profit of 1.32 billion euros ($1.97 billion), beating market expectations thanks to strong performances in its life insurance and asset-management operations. Full Article at MarketWatch

  3. Nov. 9 (Bloomberg) -- Allianz SE, Europe’s biggest insurer, said third-quarter profit more than doubled after investment income recovered from year-earlier writedowns. Full Article at Bloomberg.com

  4. Q3 2009 Q3 2008 Median estimate Reported Total revenue 20,960 22,010 Net premium income 14,600 14,802 Operating profit 1,802 1,563 Pretax profit 1,757 827 Net income 1,246 545 (all above for continued operations) Net... Full Article at Bloomberg.com

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