Reviews: Insurer Allianz sees his profit drop in the second quarter

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L'assureur Allianz voit son bénéfice baisser au deuxième trimestre © Secret Pilgrim/Flickr The Allianz insurer sees his profit drop in the second quarter Allianz, the insurance giant, announced in the 2nd quarter a net profit in Decreased, its funds managed on behalf of third parties having dropped by 6% over the period.

Allianz reported this Friday, August 5, a net profit in the second quarter of 23% on Friday, August 5, in the second quarter of 23% to 1.7 billion euros and given its customers withdraw funds in the asset management, which emerges from 'A heavy litigation. The operating profit, the EBIT, established 3.5 billion euros, up 5%, by exceeding the expectations of a panel of analysts interviewed by Fostst. This figure must always reach the group's forecasts 13.4 billion euros over the year with an upward or downward margin of one billion euros. Total sales increased over a year by 8%, to 37.1 billion euros, being worn by all trades except the management of assets which has almost stagnated (+0.8%).

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In this branch shaken by an American dispute in 2021 and recently sold at the rate of almost $ 6 billion fine to pay, the funds managed on behalf of third parties fell by 6% in the quarter, to fall back to 1,769 billion euros. The American branch Pimco in particular has undergone 28.7 billion euros in net funds against 5.1 billion euros for Allianz GI, the German division in the heart of the dispute in the United States relating to fraudulent practices During the Pandemic of the COVID-19 .


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The Patron of the Group satisfied with Global

"We are well placed to manage the impact of high inflation and economic pressures which are particularly obvious in Europe ", nevertheless commented the boss of the group Oliver Bäte, in a press release, being particularly satisfied with the overall performance which is largely based on the flagship branch of the 'damage insurance. From April to June, this division increased by 21% to 1.65 billion euros, while reimbursements linked to natural disasters decreased over one year, to 453 million euros, being linked in particular to a series hailstorm storms in Europe between May and June.

Bonus sales increased by 16% in particular thanks to AGCs subsidiaries in industrial risks and Allianz Partners in travel insurance. On the Frankfurt Stock Exchange, the title fell Friday during the first exchanges of 2.5% to 174.90 euros, in a stable Dax.

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