Allianz: Q3 revenues down, but profit rises
(CercleFinance.com) - On Friday Allianz published Q3 2020 results that included a 6.
1% drop in revenues from to 31.4 billion euros (vs. 33.4 billion euros in Q3 2019).
However, at the same time, net profit rose 4.9% from 2.03 billion euros to 2.13 billion euros, meaning EPS of 5.01 euros, above the consensus.
Over the first nine months of the year, revenue came in at 104.9 billion euros, down 1.9%.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
1% drop in revenues from to 31.4 billion euros (vs. 33.4 billion euros in Q3 2019).
However, at the same time, net profit rose 4.9% from 2.03 billion euros to 2.13 billion euros, meaning EPS of 5.01 euros, above the consensus.
Over the first nine months of the year, revenue came in at 104.9 billion euros, down 1.9%.
Copyright (c) 2020 CercleFinance.com. All rights reserved.