Allianz's net profit surges 34%

Article Abstract:

Allianz Aktiengesellschaft Holding of Germany posted a soaring 34 percent increase in first quarter net profit to 1.78 billion Euros ($2.3 billion). Revenues were buoyed by market share increases in the banking, life and health insurance sectors. Allianz Aktiengesellschaft Holding is the largest insurance interest in Europe.

Company overview

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Allianz net profit bolstered by sale of stockholdings

Article Abstract:

First-quarter net profit for Allianz SE rose 78% to reach $4.36 bil, assisted by the sale of its stakes in retailer KarstadtQuelle AG and automaker BMW AG. Although total revenue dropped 1%, share prices were unchanged.

Financial management, Company investment, Investments, Financial report

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German insurers to get stock-loss tax break

Article Abstract:

The government of Germany is planning to make insurance securities losses tax deductible. The move is designed to improve insurance companies' profits.

Insurance, Insurance Carriers and Related Activities, Taxes, Security and Commodity Services, Securities & Commodities Services, Securities, Commodity Contracts, and Other Financial Investments and Related Activities, Taxation, Securities industry

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