Allianz SE Fourth Quarter Earnings Call
17th January 2008 00:00 AM |
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| Income rose 60% to €7 billion or €17.09 a share from €4 billion or €11.24 in 2005, on income growth from asset management and property-casualty |
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| The insurance products and services provider reported a marginal rise in revenues to €101 billion, due to contributions from life/health, banking and asset management segments. The company also transformed its investment approach from the traditional investment approach into the more modern alternative asset approach and capital gains were up €800 million resulting mainly from some major transactions like Schering and Four Seasons. The firm plans to acquire all shares of AGF and Allianz Leben |
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Allianz SE First Quarter Earnings Call
29th June 2007 00:00 AM |
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| Net income exceeded €3.2 billion, up 82.1% from prior year, on realized gains of €2 billion as well as solid growth of operating profit. |
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| The revenue of financial services provider was €29.3 billion, almost flat with the prior year levels. The operating profit of all segments improved and Allianz benefited from the excellent performance of the capital markets and realized gains of €2 billion from investments. During the quarter, shareholders equity increased by €1.8 billion to €52.3 billion. In Asset Management, third party assets under management grew to €781 billion from €764 billion in last year. |
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