- Home
- ILSTV Stories
- Allianz releases Q3 results
Allianz releases Q3 results
- By ILS corp
- Published 11/19/2009
- ILSTV Stories
- Unrated
Total quarterly revenues grew by 5.2 percent on an internal basis to 22.0 billion euros- about $34.4 billion Canadian - compared to 21.1 billion euros in the third quarter of 2008.
At 1.9 billion euros, quarterly operating profit reached its highest level since second quarter of 2008. Compared to the previous year’s third quarter, this also represents an increase of 23.4 percent.
Quarterly net income from continuing operations improved significantly by 143 percent to 1.3 billion euros, compared to 545 million euros in the third quarter of 2008.
Allianz Group's strong capital position further improved with a solvency ratio of 164 percent at September 30, 2009, including dividend accrual.

