5th August 2020

Allianz reports E2.6bn operating profit in second quarter-CEO Bate says "robust results"

Allianz achieved a E2.6bn operating profit in the second quarter-other highlights were:
-net income attributable to shareholders down 28.6% to E1.5m
-half year total revenues stable at E73.5bn; in 2Q 2020 total revenues decreased by 6.8% to E30.9bn
-half year operating profit of E4.9bn
-half year net income attributable to shareholders decreased 28.8% to E2.9bn
-Good Solvency II capitalisation ratio of 187%.
“The pandemic continues to be a challenge for all industries. Nevertheless, Allianz has achieved robust results and shown a remarkable resilience in the first six months of 2020. It makes us confident that we will see a solid financial performance also in the second half of 2020,” comments Oliver Bäte, ceo of Allianz SE.

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