Net profit attributable to shareholders decreased by 15% to €1.8bn for Q1 17 versus the same period last year. Premiums earned were up by 2% to €17.8bn for Q1 17. Operating investment result rose slightly by 1% to €6.5bn for Q1 17 compared to Q1 16. Fee and commission income increased by 4% to €2.6bn in Q1 17. Insurance claims were up by 4% to €13.0bn in Q1 17. Changes in insurance reserves declined by 17% to €3.7bn for Q1 17. Operating profit was up by 9.4% to &
12 May 2017
Q1 17 net profit fully in line with our FY2017 forecast
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Q1 17 net profit fully in line with our FY2017 forecast
Allianz SE (ALV:WBO) | 0 0 (-0.1%) | Mkt Cap: 83,357m
- Published:
12 May 2017 -
Author:
Dieter Hein -
Pages:
3
Net profit attributable to shareholders decreased by 15% to €1.8bn for Q1 17 versus the same period last year. Premiums earned were up by 2% to €17.8bn for Q1 17. Operating investment result rose slightly by 1% to €6.5bn for Q1 17 compared to Q1 16. Fee and commission income increased by 4% to €2.6bn in Q1 17. Insurance claims were up by 4% to €13.0bn in Q1 17. Changes in insurance reserves declined by 17% to €3.7bn for Q1 17. Operating profit was up by 9.4% to &