Aug. 10 (Bloomberg) -- Allianz SE may cut its investments in equities if the International Accounting Standards Board revises its rules to fully reflect changes in equity value in profit-and-loss accounts, the Financial Times Deutschland reported.

Allianz and other insurers would significantly reduce their equity investments if the IASB introduces such a rule, FTD reported, citing Helmut Perlet, chief financial officer at the Munich-based company.

To contact the reporter on this story: Oliver Suess in Munich at osuess@bloomberg.net

Last Updated: August 10, 2009 01:32 EDT