Tuesday, May 12, 2020

Allianz Stock Dips On Weak Q1 Profit, AuM

Shares of Allianz SE were losing around 3 percent in German trading after the insurance and asset management company reported Tuesday weak profit in its first quarter due to higher claims from natural catastrophes and COVID-19-related losses in the Property-Casualty business, despite higher revenues. The company, which withdrew its fiscal 2020 operating profit outlook last week, now said a new ...

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