Allianz 1Q profit down 66%
Allianz's first-quarter net income slid to $1.7 billion, down 66%, from $4.9 billion in the same period last year.
Allianz SE of Munich today reported that its first-quarter net income slid to $1.7 billion, down 66%, from $4.9 billion in the same period last year.
The Munich-based insurer also forecast a $1.4 billion write-down.
These markdowns, the result of the global credit crisis, were generated in insur
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