logo
Share SHARE
FONT-SIZE Plus   Neg

Allianz Remains Committed To Cautious Investment Strategy - Quick Facts

Allianz (AZSEY.PK) said that, given the volatile capital market environment, it remains committed to a cautious investment strategy.

Although the overall environment remains challenging, the company believes that it will be able to boost its operating profit to 8.2 billion euros, plus and minus 500 million euros.

The company noted that three operating segments will make different contributions to the planned increase in earnings. It expects claims due to natural catastrophes to normalize, allowing operating results in the P&C insurance segment to improve. Allianz also expects to see a slight increase in earnings in the life and health insurance business.

Further, Allianz proposed to the Annual General Meeting that the dividend be kept constant in a year-over-year comparison at 4.50 euros per share.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Firearms maker Smith & Wesson Holding Corp. (SWHC), Tuesday reported a drop in profit for the third quarter, as revenues and margins declined reflecting lower sales of long guns. However, earnings for the quarter came in ahead of Wall Street estimates as did revenues. Moving ahead, the company boosted... Target Corp (TGT) on Tuesday said it plans $2 billion of cost savings over the next two years, mainly at its corporate headquarters, as the discount retailer strives to boost profit and become a leaner outfit. Reports said that about $500 million of the savings would occur in the current year, and... Bob Evans Farms Inc. (BOBE) on Tuesday reported a drop in a profit for the third quarter, despite growth in revenues, with both earnings and revenues falling short of expectations. Moving head, the restaurant chain lowered its fiscal year 2015 outlook. Shares of Bob Evans Farms plunged over 18 percent...
comments powered by Disqus
Follow RTT