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)