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Allianz's profit nearly triples despite hurricane exposure

Article Abstract:

Allianz Aktiengesellschaft Holding of Germany posted soaring fourth quarter net profit of 872 million Euros ($1.05 billion) from 296 million Euros the year before. Revenue growth was experienced in asset management, banking and investment income as operating costs were streamlined.

Management dynamics, INSURANCE CARRIERS, Management, Economic aspects, Company business management, Company overview, Hurricane Wilma, 2005

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Munich Re swung to 1st period loss

Article Abstract:

Munich Re posted a higher than expected net loss of 238 million euros for the 2003 first quarter. The company posted a 4.48 billion euros net profits in the same 2002 period.

Munich Reinsurance Co.

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Allianz reports a 1.2 billion euros loss

Article Abstract:

Allianz AG posted a loss of 1.2 billion euros in the 2002 year. The loss was the first suffered by the company since World War II.

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