Trending: Allianz Swung to 4Q Net Profit on Life-Health Strength
17 Fevereiro 2023 - 1:17PM
Dow Jones News
1546 GMT - Allianz SE is among the most mentioned companies
across news items over the past 12 hours, according to Factiva
data, after the company swung to a net profit in the fourth quarter
thanks to a strong performance in its life-health business.
Europe's largest insurer said its net profit in the
October-December period came in at 2.01 billion euros ($2.14
billion), up from a net loss of EUR292 million a year prior.
Operating profit rose 12.7% to EUR3.96 billion, driven by a 51%
jump in its life-health segment. For 2023, the company guided for
an operating profit between EUR13.2 billion to EUR15.2 billion,
compared with its 2022 operating profit of EUR14.16 billion. The
company also declared a dividend of EUR11.40 a share, an increase
of 5.6% from 2021, it said. Allianz Chief Financial Officer Giulio
Terzariol said the impact from the devastating earthquake in Turkey
and Syria is estimated to be around EUR50 million-EUR100 million.
Dow Jones & Co. owns Factiva. (christian.moess@wsj.com)
(END) Dow Jones Newswires
February 17, 2023 11:02 ET (16:02 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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