Allianz Sees Operating Profit Around EUR7.2 Billion In 2010
September 30 2010 - 10:54AM
Dow Jones News
German insurer Allianz SE (ALV.XE) is expecting an operating
profit of some EUR7.2 billion this year, board member Michael
Diekmann said Thursday.
Diekmann said at the Merrill Lynch Banking and Insurance
conference in London that the final amount will be at most EUR500
million higher or lower than that figure.
Europe's recovery in the wake of the financial crisis has the
continent's major insurers well positioned for premium income,
Diekmann added.
-By Patrick Mcgroarty, Dow Jones Newswires; 49 171 97 48 903;
patrick.mcgroarty@dowjones.com