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Allianz makes Q3 net profit of €1.32 billion

November 9, 2009 By The Associated Press  GEORGE FREY (AP Business Writer)

FRANKFURT (AP) — German insurer Allianz SE said Monday it posted a net profit in the third quarter from a loss a year ago due to improved revenue in life and health insurance and financial services.

Allianz, based in Munich, said net income rose to €1.32 billion ($1.96 billion) from a loss of €2 billion in the third quarter a year ago.

Revenue in the July-September period rose 4.3 percent...

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