The company said operating profit in its asset-management business rose to EUR584 million from EUR500 million a year ago, although it didn't give explicit numbers on developments at its Pimco subsidiary. "Allianz Posts 2Q Net Profit Rise to EUR2.0 Billion," at 0557 GMT, incorrectly stated in the fourth paragraph that assets under management rose to EUR584 million.

(END) Dow Jones Newswires

July 27, 2017 06:18 ET (10:18 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
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