Group 1.3bn Euros profits
Allianz Group reported a 41% drop in operating profit in the first quarter of 2009.
The operating profit dropped from 2.2bn Euros to 1.3bn Euros compared to the prior year quarter.
The multi-national group - which includes insurance, banking services and asset management - reported an increase in revenues of 27.7bn Euros compared to 27bn Euros for the prior year.
The solvency ratio of Allianz Group is expected to be at approximately 158 percent.
Allianz will publish full details for the first quarter on May 13, 2009.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
