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2/15, 7:16 AM (Source: TeleTrader)
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Allianz earns €3.93 per share or 21.2% more YoY

Insurance giant Allianz SE reported turnover of €32.7 billion for the three months through December, a rise of 3.3% from the same period of 2017. The resulting earnings attributable to shareholders came in 18.9% higher at €1.7 billion, translating to a diluted €3.93 per share or 21.2% more on an annual scale, it said on Friday.

The proposed dividend for last year is €9 or 12.5% higher. Operating profit landed at €11.5 billion, compared to the target range of €10.6 billion to €11.6 billion. Allianz revealed it aims to maintain the level, setting the range at €11 billion to €12 billion.

The German company's operating profit grew 0.4% in the fourth quarter to €2.77 billion. The property and casualty division led the way with a jump of 14% to €1.49 billion, while other insurance items underperformed or lost money.

Breaking the News / IT