Allianz Says It May Hit ‘Upper End’ of Profit Target
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Allianz SE, Europe’s biggest insurer, said it may hit the upper end of its full-year earnings forecast after reporting third-quarter profit that beat analysts’ estimates.
Net income fell to 1.26 billion euros ($1.74 billion) from 1.37 billion euros in the year-earlier period, the company said in an e-mailed statement today. That topped the 1.2 billion-euro average estimate of 13 analysts surveyed by Bloomberg.