Insurer Allianz Beats Expectations
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Third-quarter net profit at insurance and banking group Allianz AG dipped to euro539 million (US$669 million), the company said Friday, but the result included an improved performance by the Dresdner Bank subsidiary and exceeded analysts&#39; expectations.
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Pfizer Inc , the world's biggest drugmaker, on Wednesday reported fourth-quarter results that beat expectations.
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MetLife, one of the nationâs biggest insurance companies, and Marsh & McLennan, the nationâs largest insurance brokerage firm, both reported yesterday that profit soared in the fourth quarter on strong revenue growth.
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Prudential, the second-biggest British insurance group, has published solid half-year results but sharply raised its cost-savings target in a bid to halt losses at online banking division Egg.
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Despite a slight seasonal dip, the software maker surpasses earnings expectations, as year-over-year growth comes in strong.
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German insurer Allianz sees profits slide as it absorbs the cost of 2004's devastating hurricanes, but its figures prove better than feared.
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Damages from Sundayâs tsunami seem unlikely to wreak devastation on the insurance industry after Swiss Re, the worldâs second-largest reinsurer, said on Thursday that disaster would cost it less than SFr100m ($88m).
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Allianz, the world's second largest insurer, says it will incur a loss of 22m euros from the Asian tsunami.
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Swiss banking giant Credit Suisse reported a 3.0-percent gain in underlying net earnings last year, in line with market expectations and despite big asset writedowns linked to current financial market turbulence.
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Germany's Allianz Group announced that it has increased its stake in Croatian insurer Allianz Zagreb to 80 percent, by acquiring an additional 28 percent of the company's capital from its partner Zagrebacka ...
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So far, Credit Suisse has weathered the credit crisis better than its larger rival, UBS, which wrote down $14 billion in the same period.
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Reinsurer Munich Re AG said Wednesday it expects to post a bigger profit in 2007 than last year, beating its previous target of more than $5.17 billion.
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American International Group , the world's largest insurer by market value, said on Thursday its third-quarter earnings rose despite losses related to four U.S. hurricanes but fell short of market estimates.
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Profits rise at No. 1 insurer but miss forecasts; sees no big financial effect from Spitzer probe. NEW YORK  - American International Group said Thursday its third-quarter earnings rose despite losses
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German banking and insurance giant Allianz said Wednesday it has sold its the life insurance activities of its British unit Allianz Cornhill to rival group Britannic for 110 million pounds (about 159 million ...
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Managed-care service provider Wellcare Health Plans is showing robust returns.
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Pfizer Inc , the world's  biggest drugmaker, on Wednesday reported fourth-quarter results  that beat expectations.