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Allianz Turns To Q4 Profit, But Revenues, AuM Weak; Stock Down

German financial services provider Allianz SE reported Friday a profit in its fourth quarter, compared to prior year's loss, reflecting strong operating profit mainly in the Life/Health business segment. Meanwhile, revenues and assets under management declined from last year. Further, the company lifted dividend, and said it looks forward with confidence to a strong 2023.

Allianz shares were losing around 3 percent in the morning trading in Germany.

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by RTTNews Staff Writer

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