Allianz Q1 profit plummets 97 percent as writedowns bite
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Allianz Q1 profit plummets 97 percent as writedowns bite

13 May 2009
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German insurance giant Allianz saw its net income for the first quarter of 2009 drop by EUR1.12bn to EUR29mn compared to Q1 2008, after writedowns on equities rose to EUR708mn from EUR365mn a year earlier.

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