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

wscdsdc

media/speaking contact

Jamie Johnson

business contact

Victoria Peterson

Contact Us

855.ask.wink

Close [x]
pattern

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.

Copyright:

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 This material may not be   published, broadcast, rewritten or redistributed.

Wordcount:

109

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

Categories: Industry Articles
currency