Allianz Sees Stable Profit for 2017
17 February 2017 - 6:04AM
Dow Jones News
By Friedrich Geiger
BERLIN -- Allianz SE on Thursday said earnings rose strongly in
the fourth quarter and predicted a stable operating profit for this
year.
Net profit was EUR1.7 billion ($1.8 billion) in the
October-to-December period, 23% higher than a year earlier as
revenues increased 0.9% to EUR30 billion.
Allianz aims for an operating profit of EUR10.8 billion for
2017, the same figure that the company reached last year, plus or
minus EUR500 million, barring unforseen events.
Management proposed to raise the dividend to EUR7.60 a share
from EUR7.30 a share. The German insurer also said it would spend
up to EUR3 billion to buy back its own shares.
Write to Friedrich Geiger at friedrich.geiger@wsj.com
(END) Dow Jones Newswires
February 16, 2017 13:49 ET (18:49 GMT)
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