German insurer Allianz on Friday posted a better-than-expected 0.6% rise in third-quarter net profit, helped by investment result and a lower tax rate, and said 2019 operating profit would be in the upper half of its targeted range. Net profit attributable to shareholders of 1.95 billion euros ($2.16 billion) compares with a forecast of 1.84 billion euro by analysts in a Refinitiv poll and is up from 1.94 billion euros a year earlier. “We are ready to reach the upper half of our operating profit outlook despite a significant increase in external challenges,” Chief Executive Officer …read more
Source:: Yahoo Finance
