Profit was helped by strength in the insurer’s property and casualty business and low losses from natural catastrophes.
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Net profit attributable to shareholders of 2.847 billion euros ($3.32 billion) in the three months through September compares with profit of 2.471 billion euros a year earlier. The figure surpassed a 2.676 billion euro consensus forecast.
Late Thursday, Allianz raised its full-year earnings guidance, saying it would “most likely” make operating profit of between 17 billion and 17.5 billion euros.
That compared with a target range set at the beginning of the year of 16 billion euros, plus or minus 1 billion.
($1 = 0.8575 euros)
Reporting by Tom Sims and Alexander Huebner, Editing by Friederike Heine
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