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Allianz nearly doubles Q4 net profit, helped by health and life business

FRANKFURT (Reuters) -Germany’s Allianz nearly doubled its fourth-quarter net profit from a year earlier, a figure that came in just slightly below expectations, figures on Friday showed.

The company said that its quarterly performance was helped by its life and health insurance business, especially in the United States and Italy.

Net profit attributable to shareholders of 2.151 billion euros ($2.33 billion) in the three months through December compares with 1.104 billion euros a year earlier. The figure fell just short of a 2.186 billion euro consensus forecast.

The strong showing in the fourth quarter helped the company lift its full year net profit by 33% to 8.541 billion euros.

($1 = 0.9238 euros)

(Reporting by Tom Sims and Alexander Huebner, Editing by Rachel More)


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