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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% | 290.128 | 284.15 | 288.75 | 0.00 | 12:29:32 |
Allianz SE's (ALV.XE) German unit Monday reiterated that its 2012 operating profit should be "significantly above" the 2011 figure, provided there aren't any exceptional hits from natural disasters or other major claims and from capital market developments.
In its six-month earnings report, Allianz Germany said 2012 revenue will, however, likely be below the 2011 figure, due to lower revenue in the life insurance business and in the unit's small banking business, which won't be compensated by improvements in the property & casualty business and health insurance.
The German unit's report is usually released about a week after group earnings. The company gave a similar outlook on expected German business developments in March.
The German operations are the largest within the Allianz group. In 2011, they contributed total revenue of 28.19 billion euros ($34.6 billion) and an operating profit of EUR1.43 billion to group earnings.
Write to Ulrike Dauer at ulrike.dauer@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Allianz Ag Muenchen Namen (PK) Chart |
1 Month Allianz Ag Muenchen Namen (PK) Chart |
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