Allianz upbeat on outlook after revenue edges increased
Allianz SE (ALV.XE) stated Friday that third-quarter web revenue edged increased and that it now expects full-year working revenue to be within the higher half of its goal vary.
The German insurer stated web revenue rose 0.6% to 1.95 billion euros ($2.16 billion) from EUR1.94 billion a 12 months earlier. Income rose by 8.1% to EUR33.four billion, whereas working revenue edged 0.1% decrease to EUR2.98 billion.
Allianz stated it now sees 2019 working revenue within the higher half of its goal vary of between EUR11 billion and EUR12 billion.