Allianz Q2 net profit declines 29% amid coronavirus

Credit: REUTERS/Charles Platiau

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;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.