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11/6/2020, 7:06 AM (Source: TeleTrader)
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Allianz-2.40%

217.30
Chart for: ALLIANZ SE NA O.N.

Allianz: Revenues down 6.1% YoY to €31.4B in Q3

Allianz SE revealed on Friday that its total revenues landed at €31.4 billion in the third fiscal quarter of 2020, after declining 6.1% from the corresponding timeframe the year prior.

In the three month period that ended on September 30, 2020, the operating profit decreased by 2.6% year-on-year to €2.9 billion. Meanwhile, net income grew 4.9% on an annual basis to land at €2.1 billion. Diluted earnings per share stood at €4.89, increasing by 4.9% from the third trimester in 2019.

"Not just our financial performance has been resilient, but we have also enjoyed strong support from our fantastic staff around the world... Therefore, we remain confident to not just weather the COVID-19 crisis well, but to build an even stronger Allianz for the benefit of all stakeholders," said CEO Oliver Baete.

Breaking the News / MS