Skip to main content

Advertisement

Advertisement

Business

Allianz posts surprise 6per cent rise in third-quarter net profit

Allianz posts surprise 6per cent rise in third-quarter net profit

FILE PHOTO: The logo of Allianz is seen on a building in Paris, France, April 30, 2020. REUTERS/Charles Platiau

FRANKFURT: German insurer Allianz on Friday posted an unexpected 6per cent rise in net profit in the third quarter from a year earlier, despite pressure on business from the coronavirus pandemic.

Net profit attributable to shareholders of 2.063 billion euros (US$2.44 billion) in the three months through September compares with 1.947 billion euros a year earlier. It was higher than a 1.626 billion euro consensus forecast.

(US$1 = 0.8464 euros)

(Reporting by Tom Sims; editing by Thomas Seythal)

Source: Reuters

Advertisement

Also worth reading

Advertisement