Allianz Q1 profits squeezed as P&C posts hefty Eur500mn Covid-19 charge

Allianz Q1 earnings

Allianz saw its shares trade down nearly 3 percent at the open after the carrier reported a 29.1 percent slump in operating profit in its P&C division to Eur1.03bn in the first quarter of 2020, with the underwriting result pressured by an increase in losses from natural catastrophes which were ...

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