Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Oliver Baete, CEO of the German insurer Allianz SE, poses for photographer prior to the annual balance conference in Munich, Germany, Friday, Feb. 19, 2016. (AP Photo/Matthias Schrader)

(Bloomberg) — Allianz SE missed analyst estimates for fourth-quarter profit because of claims from natural catastrophes.

Net income at Europe’s biggest insurer increased to 1.42 billion euros ($1.6 billion) in the quarter from 1.22 billion euros a year earlier, the Munich-based company said in a statement Friday. That compares with the 1.56 billion-euro average of six estimates compiled by Bloomberg. The insurer’s shares fell 1.44% to 133.75 euros at 12:07 p.m. in Frankfurt.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.