Allianz reports Q2 profits of EUR3.3bn as AGCS swings back to profit
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
  • Free Trial
  • Log in

Allianz reports Q2 profits of EUR3.3bn as AGCS swings back to profit

Samuel Casey
06 August 2021
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
allianz-flags-2.jpg

Allianz’s group operating profit in the second quarter swelled by 29% to EUR3.3bn ($3.9bn), while Allianz Global Corporate & Specialty (AGCS) swung back to profits with an operating result of EUR98mn.

The return to profitable growth in AGCS through Q2 was driven by factors including “continued strong rate changes across all lines” and lower negative impact from Covid-19, Allianz said, while its top-line growth was powered by underwriting actions.

There

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News Results Allianz
sam casey/sam casey ii red.png
Samuel Casey
Senior Reporter
Contact
Gift this article