Net profit attributable to shareholders decreased by 46% to €1.09bn for Q2 16 versus the same period last year. The sale of the South Korean business burdened the Q2 16 results by a net loss of €352m. Premiums earned were down by 0.6% to €17.2bn for Q2 16. The operating investment result declined by 3% to €5.7bn for Q2 16 compared to Q2 15. Fee and commission income decreased by 3% to €2.6bn in Q2 16. Insurance claims were up by 4% to €12.8bn in Q2 16. Changes in
05 Aug 2016
Disappointing Q2 16 results
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Disappointing Q2 16 results
Allianz SE (ALV:WBO) | 0 0 (-0.1%) | Mkt Cap: 83,357m
- Published:
05 Aug 2016 -
Author:
Dieter Hein -
Pages:
2
Net profit attributable to shareholders decreased by 46% to €1.09bn for Q2 16 versus the same period last year. The sale of the South Korean business burdened the Q2 16 results by a net loss of €352m. Premiums earned were down by 0.6% to €17.2bn for Q2 16. The operating investment result declined by 3% to €5.7bn for Q2 16 compared to Q2 15. Fee and commission income decreased by 3% to €2.6bn in Q2 16. Insurance claims were up by 4% to €12.8bn in Q2 16. Changes in