Allianz Q2 net profit declines 29% amid coronavirus

Credit: REUTERS/Charles Platiau

German insurer on Wednesday posted a 29% fall in net profit in the second quarter from a year earlier, as the coronavirus pandemic slows business.

FRANKFURT, Aug 5 (Reuters) - German insurer ALVG.DE on Wednesday posted a 29% fall in net profit in the second quarter from a year earlier, as the coronavirus pandemic slows business.

Net profit attributable to shareholders of 1.53 billion euros ($1.81 billion) compares with 2.14 billion euros a year earlier. It was higher than a 1.48 billion euro consensus forecast.

($1 = 0.8465 euros)

(Reporting by Tom Sims; editing by Thomas Seythal)

((Tom.Sims@thomsonreuters.com; +49 69 7565 1242;))

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