Allianz Reports 7.7 Percent Rise in Fourth Quarter Profit
Allianz posted a 7.7 percent rise in fourth-quarter net profit to 2.664 billion euros. The result narrowly missed the 2.689 billion euro analyst consensus.
The financial services giant Allianz SE reported a 7.7% increase in its fourth-quarter net profit on Thursday, though the results fell slightly short of market expectations. Based in Germany, the insurer recorded a net profit attributable to shareholders of 2.664 billion euros ($3.15 billion) for the three-month period ending in December. This figure represents a growth from the 2.472 billion euros reported during the same quarter of the previous year. Despite the year-on-year improvement, the final results were a touch under the consensus forecast of 2.689 billion euros anticipated by analysts.
