Wealth and Asset Management
Allianz 2Q Net Profit Fell as Asset-Management Earnings Slid
Allianz SE on Friday said second-quarter net profit tumbled but operating profit rose, as its asset-management business struggled amid turbulent markets. The German insurer said net income in the three months to the end of June was 1.71 billion euros ($1.75 billion), down from EUR2.23 billion a year earlier. Operating…
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