Half-year profit of 1.3 billion euros - Improved operating performance in all segments - Combined ratio of 94.3 percent The Allianz Group reinforced its upward earnings trend in all segments during the first half of 2004. Net income was 1.3 billion euros. This represents an increase of more than 1.1 billion euros compared to the figure for the corresponding prior-year period. "We are on track", said Michael Diekmann, chairman of the Board of Management of Allianz AG, at the presentation of the financial results for the first half of the year. "The positive results show that our '3 one' program is taking effect."
