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Allianz Austria’s Profits Jump
The result of the German insurance group in Austria was able to increase despite premiums falling by 2.9% to € 53.7m.
Allianz Austria’s Profits Jump / Picture: © Allianz
The profit from ordinary activities (POA) increased by one-third, showing that even in difficult times profits may be attained. "All signs point to growth, we will reach the pre-crisis levels in 2011", said CEO Wolfram Littich.
In the property-casualty area, gross earned premiums decreased slightly from € 848.3m to € 841.8m. Premiums written, which are considered a leading…
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