Bloomberg—Allianz SE and Axa SA, Europe’s biggest insurers, reported profit that beat analysts’ estimates, helped by higher earnings at their life and health businesses.
Net income at Munich-based Allianz rose 23 percent to 1.23 billion euros ($1.5 billion) in the second quarter, beating the 1.15 billion-euro average estimate of 13 analysts surveyed by Bloomberg. First-half net income at Paris-based Axa fell a smaller-than-estimated 36 percent after year-earlier gains from asset sales weren’t repeated.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access