Shares of Allianz SE (AZSEY.PK) were losing around 3 percent in German trading after the insurance and asset management company reported Tuesday weak profit in its first quarter due to higher claims from natural catastrophes and COVID-19-related losses in the Property-Casualty business. Revenues increased in the quarter, while assets under management declined.
The company, which withdrew its fiscal 2020 operating profit outlook last week, now said a new profit target for 2020 will be announced by the Board of Management upon completion of the revised planning once the impact of the Corona crisis can be better assessed.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.