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Markets News

Allianz posts surprise 6% rise in Q3 net profit

FRANKFURT, Nov 6 (Reuters) - German insurer Allianz on Friday posted an unexpected 6% rise in net profit in the third quarter from a year earlier, despite pressure on business from the coronavirus pandemic.

Net profit attributable to shareholders of 2.063 billion euros ($2.44 billion) in the three months through September compares with 1.947 billion euros a year earlier. It was higher than a 1.626 billion euro consensus forecast.

$1 = 0.8464 euros Reporting by Tom Sims; editing by Thomas Seythal

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