The Business Times
business-time-50

Asia's the silver lining in Allianz's 2017 results

Asia operating profit up 22% on 24% revenue jump, outpacing firm's global performance

google-preferred-sourceAdd BT as a preferred source
Annabeth Leow

Annabeth Leow

Published Wed, Feb 21, 2018 · 09:50 PM

    Singapore

    ALLIANZ on Wednesday announced a solid set of results for its performance in Asia for the year ended Dec 31, 2017.

    Earnings were up in both its life and health, and property and casualty insurance segments. Operating profit jumped 22 per cent to 273 million euros (S$444 million), while revenue rose 24 per cent to six billion euros.

    AllianzInsurance

    TRENDING NOW

    Philippine’s Maharlika support for Petron through a credit facility shows the sovereign fund’s role in the nation’s energy security.

    Early payout from Philippines’ Maharlika Investment Fund raises eyebrows over its true nature

    US Secretary of State Marco Rubio (far left) and Treasury Secretary Scott Bessent listening as President Donald Trump (centre) speaks to the media on the sidelines of a Nato summit in Ankara, July 8, 2026.

    A new kind of ‘ceasefire’ between US and Iran where talks, strikes are part of the same process

    The income upgrade has rendered the Philippines “too wealthy” to qualify for the concessional foreign aid and development loans.

    Philippines’ income upgrade hides grim reality for most Filipinos

    The new target implies a 14% total market return from the index level of 5,470 as at Wednesday.

    Macquarie upgrades STI 12-month target to 6,000, names its top picks

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More