Allianz Profit Rises 24% as Revenue Gains to Record on Pricing

Allianz Profit Rises 24% as Revenue Gains to Record on Pricing

Guenter Schiffmann/Bloomberg

Allianz SE headquarters stand in Munich. Allianz’s property and casualty insurance unit, typically the most important in terms of earnings, reported a 22 percent increase in profit to 1.02 billion euros in the quarter while premium income rose 2.7 percent to 15.2 billion euros.