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Allianz makes Q3 net profit of euro1.32 billion

Published: November 9, 2009 7:02 AM
By The Associated Press  GEORGE FREY (AP Business Writer)

Quick ReadGerman insurer Allianz posts 3rd quarter net income of euro1.32 billion on higher revenue

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 euro1.32 billion ($1.96 billion) from a loss of euro2 billion in the third quarter a year ago.

Revenue in the July-September period rose...

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