FRANKFURT — Germany's Allianz on Nov 13 gave an improved outlook for 2024 as it posted a better-than-expected 22 per cent rise in third-quarter net profit, helped by lower claims from natural catastrophes.
Allianz reported net profit attributable to shareholders of 2.47 billion euros in the three months through September.FRANKFURT — Germany's Allianz on Nov 13 gave an improved outlook for 2024 as it posted a better-than-expected 22 per cent rise in third-quarter net profit, helped by lower claims from natural catastrophes.
Allianz, among Europe's largest financial services groups and owner of bond giant Pimco, reported net profit attributable to shareholders of 2.47 billion euros in the three months through September, compared with a profit of 2.02 billion euros a year earlier. The figure surpassed a 2.37 billion euros consensus forecast.
"Natural catastrophes have again tested Allianz's financial and operational resilience, tests which we have successfully passed," chief executive officer Oliver Baete said.
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