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Allianz earnings drop as natural catastrophes hit Munich firm’s insurance business

Por: MarketWatch Business November 10, 2023

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Allianz’ earnings were, however, dragged down by a 25% drop in profits from its property and casualty insurance division, following a surge in claims related to a series of floods and storms in Europe this summer.  Shares in Allianz increased 2% on Friday, having risen 13% over the previous 12 months, as the German firm beat expectations, in posting third-quarter earnings worth €3.46 billion compared to the €3.21 billion forecast by 11... + full article



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