Allianz Is Upbeat on Outlook After 3Q Profit Edged Higher
November 08 2019 - 1:44AM
Dow Jones News
By Max Bernhard
Allianz SE (ALV.XE) said Friday that third-quarter net profit
edged higher and that it now expects full-year operating profit to
be in the upper half of its target range.
The German insurer said net profit rose 0.6% to 1.95 billion
euros ($2.16 billion) from EUR1.94 billion a year earlier. Revenue
rose by 8.1% to EUR33.4 billion, while operating profit edged 0.1%
lower to EUR2.98 billion.
Allianz said it now sees 2019 operating profit in the upper half
of its target range of between EUR11 billion and EUR12 billion.
Write to Max Bernhard at max.bernhard@dowjones.com;
@mxbernhard
(END) Dow Jones Newswires
November 08, 2019 01:29 ET (06:29 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Allianz Ag Muenchen Namen (PK) (USOTC:ALIZF)
Historical Stock Chart
From Mar 2024 to Apr 2024
Allianz Ag Muenchen Namen (PK) (USOTC:ALIZF)
Historical Stock Chart
From Apr 2023 to Apr 2024
