Insurance Post

Allianz Group estimates 2015 operating profit at upper target range

Arrows about to hit a sweating target

Operating profit in Allianz Group's property and casualty division rose 29.7% to €1.35bn (£952m) in the second quarter of 2015 as the company confirmed its operating profit outlook for the full year would reach €10.8bn.

Total quarterly revenues reached €30.2bn, a 2.4% increase on the prior year result.

The German insurer reported a 9.2% increase in property and casualty gross written premiums to €11.84bn in the

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