allianz
German insurance giant Allianz on Thursday reported strong second-quarter results, driven by increased business volume and operating profits. For the second quarter, net income attributable to shareholders grew to €2.51 billion ($2.74 billion) from last year's €2.34 billion. Shareholders' core net income was at €2.536 billion, nearly stable with last year's €2.517 billion. Core earnings per share were €6.15, compared to €5.97 a year ago. The company's operating profit increased to €3.9 billion from €3.8 billion last year. All segments contributed to this result. The company said that its total...
DPA International
German insurance giant Allianz on Thursday reported strong second-quarter results, driven by increased business volume and operating profits. For the second quarter, net income attributable to shareholders grew to €2.51 billion ($2.74 billion) from last year's €2.34 billion. Shareholders' core net income was at €2.536 billion, nearly stable with last year's €2.517 billion. Core earnings per share were €6.15, compared to €5.97 a year ago. The company's operating profit increased to €3.9 billion from €3.8 billion last year. All segments contributed to this result. The company said that its total...
DPA
German insurance giant Allianz on Thursday reported strong second-quarter results, driven by increased business volume and operating profits. For the second quarter, net income attributable to shareholders grew to €2.51 billion ($2.74 billion) from last year's €2.34 billion. Shareholders' core net income was at €2.536 billion, nearly stable with last year's €2.517 billion. Core earnings per share were €6.15, compared to €5.97 a year ago. The company's operating profit increased to €3.9 billion from €3.8 billion last year. All segments contributed to this result. The company said that its total...
DPA Breaking News
München (dpa) - Fehlende Flugzeugmechaniker sind zur Sorge für den internationalen Luftverkehr geworden. Nach Einschätzung der Allianz ist der vor einigen Jahren befürchtete Mangel an Flugzeugmechanikern mittlerweile Realität geworden. Das könnte nicht nur die Reparaturzeiten verlängern, schreiben die Fachleute von der auf Industrie- und Firmenkunden spezialisierten Tochtergesellschaft Allianz Commercial in einem aktuellen Bericht. Eine «offensichtliche Sorge» ist demnach, dass der Fachkräftemangel trotz der Kontrollsysteme in der Luftfahrt zu einem Unfall führt. Fünfstellige Zahl von Mechanik...
DPA (German)
Europe's largest insurer, Allianz, is aiming to substantially enhance its presence in Singapore. In a statement, Allianz said the offer was a subsidiary collaboration formed through Allianz Europe BV involving a voluntary cash general offer of $40.58 (€37.13) per share. The insurance giant said Singapore's role as a dominating financial hub in the region could create more opportunities for product development, underwriting, and data analytics. The deal could catapult the company from ninth to fourth position in Asia's insurer market, it said. Income insurance remains one of Singapore's top fou...
Euronews (English)
German insurer Allianz said on Wednesday it is planning to strengthen its business in Asia by acquiring a 51% controlling stake in Singapore's Income Insurance. The deal valued at 2.2 billion Singapore dollars (US$1.6 billion) was announced in Munich on Wednesday. With the takeover, Allianz aims to become the fourth-largest property and casualty insurer in Asia. Income Insurance also sells health and life insurance. "We look forward to partnering with Income Insurance, a leading insurer that shares Allianz’s values and commitment to customer excellence," said Renate Wagner, member of the board...
DPA
German insurer Allianz said on Wednesday it is planning to strengthen its business in Asia by acquiring a 51% controlling stake in Singapore's Income Insurance. The deal valued at 2.2 billion Singapore dollars (US$1.6 billion) was announced in Munich on Wednesday. With the takeover, Allianz aims to become the fourth-largest property and casualty insurer in Asia. Income Insurance also sells health and life insurance. "We look forward to partnering with Income Insurance, a leading insurer that shares Allianz’s values and commitment to customer excellence," said Renate Wagner, member of the board...
DPA International
German insurer Allianz said on Wednesday it is planning to strengthen its business in Asia by acquiring a 51% controlling stake in Singapore's Income Insurance. The deal valued at 2.2 billion Singapore dollars (US$1.6 billion) was announced in Munich on Wednesday. With the takeover, Allianz aims to become the fourth-largest property and casualty insurer in Asia. Income Insurance also sells health and life insurance. "We look forward to partnering with Income Insurance, a leading insurer that shares Allianz’s values and commitment to customer excellence," said Renate Wagner, member of the board...
DPA Breaking News
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