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<a href="http://www.accessmylibrary.com/coms2/summary_0286-36883806_ITM" title="Facts and information about Allianz turns in E7.4bn operating profit.">Allianz turns in E7.4bn operating profit.</a>
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Allianz turns in E7.4bn operating profit.
(From InsuranceNewslink.com)
In fiscal year 2008, based on preliminary figures, the Allianz Group posted a robust operating profit and a solvency ratio remains at a high level, despite the difficult economic environment. Revenues of the Allianz Group fell by 5.3% to E92.5bn. The operating profit of E7.4bn compared to E10.3bn. Net income from continued business amounted to E4bn following E7.3bn. Discontinued operations, comprising the results of Dresdner Bank, and its sale to Commerzbank, impacted Allianz Group's net income in fiscal 2008 by E6.4bn. This yields a net loss of E2.4bn.
The financial crisis also affected the core ...
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