Reported 2 months ago
Allianz SE reported a rise in second-quarter profit, boosted by stronger results from its life and health insurance and asset management segments. The company achieved an operating profit of €3.93 billion, a 3.8% increase year-on-year. The strong performance was also supported by Pimco, which saw €13.4 billion in inflows from clients seeking bonds. Allianz aims to achieve an operating profit of between €13.8 billion and €15.8 billion for the year, with planned share buybacks of up to €1.5 billion.
Source: YAHOO