Profit of Allianz Life parent beats Q2 earnings estimates

August 11, 2014 by Oliver Suess

(Bloomberg) — Allianz SE, Europe’s biggest insurer and the parent company of Allianz Life Insurance Company of North America, said second-quarter profit rose 11 percent, helped by higher earnings at the life and health insurance unit and lower natural disaster claims.

Net income increased to 1.76 billion euros ($2.35 billion) from 1.59 billion euros a year earlier, the Munich-based company said in a statement today. That compared with an average estimate of 1.55 billion euros of 10 analysts surveyed by Bloomberg. Click here to read…

Originally Posted at LifeHealthPro on August 8, 2014 by Oliver Suess.