Allianz Books $2.93B Annual Profit, Up 16.4%
NU Online News Service, March 18, 3:02 p.m. EST?Allianz Group, Germany's biggest insurance combine, reported 2004 profit improved to $2.93 billion, despite last year's costly natural catastrophes and lingering problems at its banking unit.[@@]
The Munich, Germany-based insurer said its full-year profit rose 16.4 percent from $2.53 billion profit reported in 2003, helped by strong insurance businesses, the company said.
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