News Coronavirus watch06 Aug 2020

APAC:Global insurer sees profits drop 4.3%, L&H profit down 9.1%

| 06 Aug 2020

Allianz Asia Pacific regional CEO Solmaz Altin

Allianz Asia Pacific's consolidated results for the region for the half-year ending 30 June showed total operating profit down 4.3% to EUR249m ($296m), total revenues up 12.7% to EUR3.6bn, L&H operating profit down 9.1% to EUR191m, P&C revenues up 21.3% to EUR659m and operating profit up 16% to EUR58m.

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