Allianz Significantly Exceeds Earnings Estimate

The largest insurance company in Germany has once again presented an operational record result in the past financial year. While the total business volume increased by 11.2% to €179.8 billion, the operating result rose by 8.7% to €16.0 billion. Analysts had only expected €15.8 billion. All areas of the group showed growth in the past financial year All business areas contributed to this success. "In an environment of moderate economic growth and a high number of natural disasters, we achieved records in operating results and net income....