Allianz 1Q net profit falls 98 percent

German insurance company Allianz SE said Wednesday that net profit fell 98 percent in the first quarter, due mostly to charges on the sale of its Dresdner Bank unit and weaker margins at its main insurance divisions.

1

0

Dresdner Bank unit pushes Allianz to big loss

Insurer Allianz SE on Thursday reported a euro3.1 billion ($4 billion) fourth quarter loss, citing heavy costs related to its recently sold banking unit Dresdner Bank.

0

0

Dresdner Bank swings to 9 month loss of 2.4B euros

Dresdner Bank, a unit of German insurance group Allianz SE, said Monday it swung to a net loss of 2.4 billion euros ($3.1 billion) in the first nine months of the year, hurt by turbulent financial markets as well as weaker business activity.

0

0

Allianz posts 2 billion loss in third quarter

Insurer Allianz SE reported a 2 billion euro loss Friday after it said that the value of its investments declined and it wrote off the value of its Dresdner Bank unit before its planned sale to Commerzbank.

0

0

Being known as the bank of choice for Heinrich Himmler's SS would be a PR nightmare for any company. So the long postwar reluctance of top Dresdner Bank executives to expose the bank's sordid history during the Nazi era is hardly surprising.

1

0