Sign Up
Login

Allianz sees operating profits rise by 23%

Written by Adam Cadle
27/07/2017

German insurer, Allianz Group, has achieved a 23% increase in operating profit in the second quarter of 2017 to €2.9bn.

In the life and health insurance segment, operating profit rose 12% to €1.1bn. Present value of new business premiums rose 2.8% to €13.606bn. The new business margin strengthened to 3.4% in the second quarter of 2017.

In asset management, operating profit rose 16.8% to €584m. Third-party assets under management increased by 7.6% to €1,406bn at the end of the second quarter of 2017 compared to the second quarter of 2016. Net third party asset inflows reached €55bn in the second quarter of 2017.

Related Articles

  There are no related documents to show at this time.
Emerging Market Debt
Editor Adam Cadle talks to BNP Paribas Asset Management head of emerging markets debt Bryan Carter about the asset class and the opportunities in this space

Pictet-roundtable

European insurance companies renumeration

European Loans roundtable

HSBC: Asian credit
Adam Cadle talks to HSBC Global Asset Management global head of insurance segment Andries Hoekema and head of insurance business EMEA Deepak Seeburrun about investing in Asian credit for European insurers
Most read stories...
HSBC: Solvency II
Adam Cadle talks to HSBC Global Asset Management global head of insurance segment Andries Hoekema and head of insurance business EMEA Deepak Seeburrun about Solvency II optimisation
Financial Results
World Markets (15 minute+ time delay)

BNP Paribas roundtable

ETFs roundtable

Iame roundtable May 2018

iame-roundtable2017