Operating profit exceeded 2.3 billion euros, approximately 40 percent above last year's level of 1.7 billion euros. Net income in the first quarter of 2012 topped 1.4 billion euros, up nearly 60 percent from 915 million euros over the same period in 2011, which was burdened especially by high claims from natural catastrophes.
Allianz key figures for the first quarter of 2012
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Allianz maintains a strong capital position: it increased both shareholders' equity and its conglomerate solvency ratio from year-end levels.
Michael Diekmann, CEO of Allianz SE: "As planned, all three business segments contributed to the good start into 2012, and we are on track to achieve our target for 2012."
As announced, Allianz will publish full details for the first quarter on May 15, 2012.
Michael Diekmann: "As planned, all three business segments contributed to the good start into 2012"
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Annual General Meeting 2012
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Christian Kroos
Allianz Group
Tel. +49.89.3800-5043
Stefanie Rupp-Menedetter
Allianz Group
Phone +49.89.3800-2063
Michael Matern
Allianz Group
Phone +49.89.3800-2960
Eduard Stipic
Allianz Group
Phone +49.89.3800-5665