Based on preliminary figures, Allianz Group achieved total revenues of more than 30 billion euros in the first quarter of 2010, compared to 27.7 billion euros in the same quarter of 2009. Operating profit is expected to amount to approximately 1.7 billion euros, compared to 1.4 billion euros in the first quarter of 2009.
Key figures for the first quarter of 2010
Based on unusually high expenses for major losses from natural disasters amounting to more than 500 million euros during the first quarter, operating profit for the Property-Casualty segment will be below the previous year's level. By contrast, the Life/Health and Asset Management segments were able to significantly improve their operating profit and, as in the previous year, overcompensate for declining results in the property and casualty business.
As already announced, Allianz will publish full details for the first quarter on May 12, 2010.
As with all content published on this site, these statements are subject to our Forward Looking Statement disclaimer.
Link to the disclaimer