This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Insurer Allianz Posts Profit Rise of 11%

MUNICH ( TheStreet) -- Allianz (AZ), the German insurer, said fourth-quarter earnings rose 11% on improved performance in its property and casualty operations.

Earnings were €1.14 billion ($1.57 billion), up from €1.02 billion from a year earlier. Analysts were forecasting earnings of €1.2 billion.

Allianz said operating profit in the quarter rose 10% to €2.15 billion, while sales increased 2% to €26 billion.

Its property and casualty operations saw operating profit rise 13.2% to €1.17 billion. "In terms of operating profit, the fourth quarter was our strongest quarter in two years," said Oliver Bate, a member of the board of management of Allianz, in a statement Thursday.

Full-year earnings jumped 20.1% to €5.05 billion from €4.21 billion.

The company said it would raise its 2010 dividend to €4.50 a share from €4.10 a share.

-- Written by Joseph Woelfel

>To contact the writer of this article, click here: Joseph Woelfel

>To submit a news tip, send an email to:

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%
TSLA $218.42 0.00%
YHOO $44.52 0.00%


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs