Allianz posts rise in EPS of 2.7% YoY in Q3

Friday, 08. November 2019 07:16

German insurance giant Allianz SE's revenue for the third quarter of 2019 rose 6.4% to €33.4 billion, the company announced on Friday. Its net income slightly increased by 0.6% to €1.9. In addition, the company's operating profit stood strong at €3 billion and its earnings per share grew 2.7% to €4.68 in the third quarter of 2019.

The company added its operating profit outlook for the first nine months of 2019 went up by 4.2% to €9.1 billion while net income attributable to shareholders expectation grew to €6.1 billion.

Oliver Bäte, Chief Executive Officer of Allianz stated: "Allianz has once again delivered very solid results in challenging times. We are proud that so many customers trust in our products and in our brand. We are ready to reach the upper half of our operating profit outlook despite a significant increase in external challenges."

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Breaking the News / TF