Allianz Life’s Q1 earnings dip 38%

May 17, 2013 by Warren S. Hersch

Allianz Life Insurance Company of North America posted an operating profit in the first quarter, but earnings were down 38 percent from the year-ago period, the company disclosed in financial results released on Wednesday.

The Minneapolis-based life insurer’s first quarter operating profit totaled $134 million, a 38 percent decline from the $217 million recorded in the first quarter of 2012.

The first quarter 2013 earnings compare favorably, however, with the company’s fourth quarter 2012 profit of just $27 million. Click here to read…

Originally Posted at LifeHealthPro on May 15, 2013 by Warren S. Hersch.