AGCS profits up 64% in Q2 to EUR277mn with nat cats favourable
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AGCS profits up 64% in Q2 to EUR277mn with nat cats favourable

Samuel Casey
10 August 2023
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Allianz Global Corporate & Speciaty AGCS logo new york.jpg

Allianz Global Corporate & Specialty (AGCS) reported a 64% operating profit increase in the second quarter to EUR277mn ($304mn).

The commercial lines unit of the German insurer improved its combined ratio by 5.2 points to 88.3%, driven by underlying performance and a favourable nat cat environment.

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Samuel Casey
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