ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

ALIZF Allianz Ag Muenchen Namen (PK)

328.8611
0.00 (0.00%)
18 Oct 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Allianz Ag Muenchen Namen (PK) USOTC:ALIZF OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 328.8611 327.15 331.85 0.00 13:07:25

Allianz Boosts Year Outlook After Strong 3Q

30/10/2012 1:40am

Dow Jones News


Allianz Ag Muenchen Namen (PK) (USOTC:ALIZF)
Historical Stock Chart


From Oct 2019 to Oct 2024

Click Here for more Allianz Ag Muenchen Namen (PK) Charts.

FRANKFURT -- Germany's Allianz SE (ALV.XE), Europe's biggest insurer by market capitalization, late Monday upped its operating profit guidance for the full year, due to a strong third quarter, which was especially helped by a better-than-expected contribution from the asset management business.

Allianz, which has insurance, asset management and a small banking operation, said it now expects a 2012 operating profit above 9 billion euros ($11.65 billion), ahead of its previous target range of EUR7.7 billion to EUR8.7 billion. In 2011, the company booked operating profit of around EUR7.9 billion.

In the third quarter, operating profit was around EUR2.5 billion, Allianz said, up 32% from EUR1.9 billion in the same period a year ago, according to the preliminary figures. Operating profit for the first six months had been EUR4.7 billion.

While all business segments contributed to the good quarterly performance, the improvement was primarily due to the asset management segment, Allianz said, without elaborating.

The net income figure, which includes minorities, was EUR1.4 billion in the quarter, up more than four times from EUR258 million in the same quarter a year earlier. For the first six months, Allianz booked net income, including minorities, of EUR2.77 billion. It cautioned that full-year net income growth "will be comparatively lower because of further balance sheet strengthening including investment de-risking and restructuring activities, as already seen in the first nine months of 2012."

The full-year operating profit guidance assumes "a normal business development during the remainder of the year."

Allianz Monday only released a small set of preliminary figures. The full set of third-quarter earnings, including the net profit figure, will be released Nov. 9, as scheduled.

Write to Ulrike Dauer at ulrike.dauer@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


1 Year Allianz Ag Muenchen Namen (PK) Chart

1 Year Allianz Ag Muenchen Namen (PK) Chart

1 Month Allianz Ag Muenchen Namen (PK) Chart

1 Month Allianz Ag Muenchen Namen (PK) Chart

Your Recent History

Delayed Upgrade Clock