- 2Q 2020 operating profit of 2.6billion euros
- 2Q 2020 net income attributable to shareholders down 28.6 percent to 1.5 billion euros
- 6M 2020 total revenues stable at 73.5billion; in 2Q 2020 total revenues decreased by 6.8percent to 30.9 billion euros
- 6M 2020 operating profit of 4.9 billion euros
- 6M 2020 net income attributable to shareholders decreased 28.8 percent to 2.9 bil-lion euros
- Good Solvency II capitalization ratio of 187 percent
Management Summary: resilient performance in difficult environment confirms the solidity of our strategy
The COVID-19 crisis caused one of the most severe economic and financial market turmoils. While financial markets have rallied in the second quarter of 2020, the economic recovery remains fragile. However, Allianz with its well-diversified business portfolio androbust balance sheet has continued to successfully navigate through the current crisis and has achieved solid results in the second quarter of 2020. Due to the continuing uncertainties we currently do not give an updated operating profit outlook for 2020.
.....................................................................................................................................................................
You can read the full version of the article by accessing the document below:
