We would love to hear from you. Click on the ‘Contact Us’ link to the right and choose your favorite way to reach-out!


media/speaking contact

Jamie Johnson

business contact

Victoria Peterson

Contact Us


Close [x]

Blog + Articles

Insurer Allianz Q1 profit surges to (EURO)1.4 billion

May 14, 2012 by N/A

May 09, 2012

Associated   Press

FRANKFURT, Germany — Insurance company Allianz SE says net profits shot up more than 50 percent to (EURO)1.4 billion in the first quarter compared to a year ago as claims from natural disasters fell.

Earnings a year ago were (EURO)915 million, when the company reported (EURO)737 million in payouts for the insured damage from the earthquake and tsunami in Japan, a cyclone in Australia and the earthquake that devastated Christchurch, New Zealand.

It said Wednesday that revenue was over (EURO)30 billion compared to (EURO)29.9 billion a year ago. CEO Michael Diekmann affirmed the company’s earnings forecast for the year.

The company will release more detailed earnings on May 15.


(c)   2012 The Associated Press. All rights reserved. This material may not be   published, broadcast, rewritten or redistributed.



Originally Posted at InsuranceNewsNet on May 9, 2012 by N/A.

Categories: Industry Articles