Profits dip for Allianz in growth European markets
Allianz in Central and Eastern Europe saw total premiums grow by 8 percent in the first quarter of 2010, reaching Euros 1.1 bn. Operating profit in the first quarter of 2010 amounted to Euros 66m, compared to Euros 78m euros in the same period of 2009.
In the property and casualty insurance business gross premiums written increased by 7 percent to Euros 782m, compared to Euros 728m euros in the respective period of 2009.
However, operating profit
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