Allianz profits slump to €258m

German insurer Allianz said today that its third-quarter profits slumped to €258m from €1.27bn in the same period last year because of investment losses and Greek bond writedowns from Europe’s debt crisis.

Allianz profits slump to €258m
Fri, 11 Nov, 2011 - 07:46

German insurer Allianz said today that its third-quarter profits slumped to €258m from €1.27bn in the same period last year because of investment losses and Greek bond writedowns from Europe’s debt crisis.

The company’s result was well short of the €766m predicted by analysts surveyed by FactSet.

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CourtsBusinessHeathrowPlace: EuropePlace: MunichPerson: Oliver BaeteOrganisation: AllianzOrganisation: FactSetOrganisation: Greece
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