P&C operating profit will be lower but life and investments up
Allianz has said its Q1 total revenues will hit more than €30bn, compared to €27.7bn in Q1 2009. Operating profit is expected to be approximately €1.7bn, compared to €1.4bn in 2009.
It said this was despite €500m of catastrophe losses. “Operating profit for the Property-Casualty segment will be below the previous year's level,” Allianz said.
“By contrast, the Life/Health and Asset Management segments were able to significantly improve their operating profit and, as in the previous year, overcompensate for declining results in the property and casualty business.”
Allianz will publish full details for the first quarter on May 12, 2010.
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The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
