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Allianz posts €2bn profit
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fnlondon.comAllianz said on 12 May that first-quarter net profit rose sharply after its year-earlier result was hit by a provision, and confirmed its guidance for 2023.
Europe’s largest insurer said it made a net profit of €2.03bn ($2.22bn) compared with €417m in the year-earlier period, when it booked a provision after reaching settlements related to its Structured Alpha funds in the US.
Analysts...
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