Allianz results News

Allianz’ Net Profit Drops 29% in 2nd Quarter Amid COVID-19 Crisis

German insurer on Wednesday posted a 29% fall in net profit in the second quarter from a year earlier and shied away from updating its full-year profit guidance as the coronavirus pandemic slows business and clouds the outlook. Allianz is …

Allianz Expects to Be Back on Track with Profit Targets as COVID Crisis Subsides: CEO

Allianz, which is facing headwinds from the coronavirus crisis, expects to be back on track in 2021 barring a second major outbreak or financial market correction, the German insurer’s chief executive said in an interview. Allianz is among global insurers …

Allianz Posts 29% Drop in Q1 Net Profit as COVID-19 Crisis Slows Business

German insurer Allianz said on Tuesday that a key measure of capital may fall below the company’s target floor level as it faces claims for disruption caused by the coronavirus crisis. Allianz, which earlier reported a nearly 30% slump in …

Allianz Withdraws 2020 Profit Target on Pandemic Uncertainties

Allianz SE withdrew its forecast for the year as Europe’s biggest insurer struggles with the fallout from the Covid-19 pandemic. Given the economic uncertainty, the board “does not assume that Allianz can achieve the target range for operating profit for …

Allianz Raises 2020 Profit Target After 9.5% Jump in Q4 Results

German insurance group Allianz announced a more ambitious profit target for this year after posting a better than expected 9.5% jump in fourth-quarter net profit on Friday. The profit increase was largely driven by an improved investment margin in its …

Allianz Posts Q1 Net Profit of $2.21B, a Small Rise from Q1 2018

German insurer Allianz SE on Tuesday posted a small rise in net profit in the first quarter from a year earlier, marginally ahead of expectations, and confirmed its targets for 2019. Results were helped by lower claims from natural catastrophes, …

Allianz Q4 Net Profit Rises 19% to $1.92 Billion

Allianz may slow its share buyback program after the one announced this week to allow the German insurer to make small acquisitions, the group’s finance chief said on Friday after reporting a 19 percent rise in fourth quarter profit. Allianz …