Allianz Australia Limited, through its subsidiaries, provides insurance and risk management products and services in Australia and New Zealand. It offers personal insurance products and services, such as home, motor, car, boat, landlord, travel, and pet insurance, as well as roadside assistance programs; and third party and life insurance solutions, including consumer credit, lifestyle protection, and term life. The company provides insurance products and services to meet the requirements of commercial and corporate businesses, which include business pack, trades and services pack, farm pack, crop insurance, property, risk finance, commercial motor and fleet, professional indemnity, construc...
2 Market Street
Sydney, NSW 2000
Founded in 1914
Allianz Australia Limited Reports Earnings Results for the Third Quarter and Nine Months of 2014; Confirms Earnings Outlook for 2014
Nov 18 14
Allianz Australia Limited reported earnings results for the third quarter and nine months of 2014. For the quarter, total quarterly revenues increased 14.5% to EUR 28.78 billion against EUR 25.14 billion a year ago. Operating profit stood at EUR 2.65 billion against EUR 2.52 billion a year ago, up 5.2%. Net income attributable to shareholders increased 11.2% to EUR 1.61 billion against EUR 1.45 billion a year ago.
For the nine months, total revenues rose 9.8% to EUR 92.20 billion against EUR 83.97 billion a year ago. Operating profit was up 6.0% to EUR 8.14 billion against EUR 7.68 billion a year ago. Net income attributable to shareholders increased 5.5% to EUR 5.00 billion against EUR 4.74 billion a year ago.
For 2014, the company confirm outlook that the upper end of the operating profit target range at EUR 10.5 billion is in reach.