Allianz Q3 operating profit down 14.6% driven by impact of nat cats
Reinsurance News - Nov 10, 2023
Allianz has reported that its operating profit dropped 14.6% to €3.5 billion in Q3, driven by the Property-Casualty business segment affected by a 7.3 percentage point impact by natural catastrophes on the combined ratio, the highest in a decade. The firm’s net income in Q3 was €2.1 billion, d...
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