Allianz Q1 profit rises 52 percent on India stake sales
Allianz posted a 3.69 billion euro Q1 profit, boosted by Indian stake sales. The insurer confirmed its annual targets despite lower life and health revenues.
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ALLIANZ SE-REG reported a 52% rise in first-quarter net profit to 3.69 billion euros, driven by Indian joint venture sales. The result met expectations, comparing to 2.42 billion euros in the previous year. The firm remains on track for full-year targets despite a 9.6% revenue drop in life and health.
