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Allianz Q2 operating profit decreased 18.8 percent

Christian Fernsby ▼ | August 5, 2020
Allianz total revenues decreased 6.8 percent to 30.9 (2Q 2019: 33.2) billion euros in the second quarter of 2020.
Allianz   Operating profit dropped
Operating profit decreased 18.8 percent to 2.6 (3.2) billion euros in the second quarter of 2020.

Topics: Allianz

In Property Casualty business segment, operating profit dropped due to coronavirus related losses, as well as a lower operating investment result.

Operating profit from Life/Health business segment was resilient and decreased mostly due to a favorable one off profit in 2019.

Our Asset Management business segment recorded a solid albeit lower operating profit mainly driven by lower performance fees.

Net income attributable to shareholders decreased 28.6 percent to 1.5 (2.1) billion euros in the second quarter of 2020 largely mirroring the development of operating profit.