German insurer Allianz SE (AZSEY.PK) reported that its first-quarter of 2013 net income attributable to shareholders was 1.7 billion euros, a year-on-year increase of 24.0 percent from 1.4 billion euros. Earnings per share for the quarter increased to 3.69 euros from 3.03 euros in the prior year quarter.
Operating profit grew 19.9 percent in the first quarter to 2.8 billion euros from 2.3 billion euros the year before.
Total revenue for the quarter rose 6.6% to 32.0 billion euros from last year's 30.1 billion euros.
The company said All three business segments contributed to the growth in revenues and operating profit. Property and Casualty insurance benefited in most regions from rising prices and an improved underwriting result as well as a benign natural catastrophe environment.
The company confirmed operating profit outlook for 2013 of 9.2 billion euros plus/minus 0.5 billion euros.
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