Trending: Allianz's 2Q Earnings Rise
10 Agosto 2023 - 6:51PM
Dow Jones News
1621 GMT Allianz is among the most mentioned companies across
news items over the past 12 hours, according to Factiva data, after
it booked higher earnings for the second quarter, powered by its
property-casualty business. The insurer said that its
property-casualty division booked a combined ratio of 92.2%, which
powered performance--though it was slightly below analysts'
expectations. The asset management business reported lower revenue
on year, despite high performance fees, Allianz said. Net profit
for the quarter rose to EUR2.34 billion from EUR1.98 billion the
year prior, also beating analysts' forecasts, according to company
figures. Dow Jones & Co. owns Factiva.
(cecilia.butini@wsj.com)
(END) Dow Jones Newswires
August 10, 2023 12:36 ET (16:36 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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