Allianz GI arm reports a drop in 28% drop in operating profit

- By Jonathan Swift
- @InsuranceSwifty
- 25 Feb 2010
- Indicative reading time: 1 minute

The two biggest drivers were a decline of 0.6bn euros in operating investment income and an underwriting result which was down 0.7 bn euros.

Allianz Group revenues grew 5.2 percent to 97.4 billion euros for the year.

Operating profit totaled 7.2bn euros, a fall of 147m euros from the previous year.

Net income from continuing operations was

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