MUNICH (dpa-AFX) - German insurer Allianz (AZSEY.PK) reported an operating profit of 2.5 billion euros in the third quarter 2012 due to a better-than-expected performance across all segments, especially in asset management. Net income for the third-quarter was 1.4 billion euros.
The company expects the 2012 full year operating profit to exceed 9 billion euros, assuming a normal business development during the remainder of the year.
The company said that net income growth will be comparatively lower because of further balance sheet strengthening including investment de-risking and restructuring activities, as already seen in the first nine months of 2012.
The company said that it will publish full results for the third quarter on November 9.
Copyright RTT News/dpa-AFX
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