FRANKFURT (Reuters) – German insurer Allianz on Friday posted a worse-than-expected 23% fall in second-quarter net profit, dampened by volatile markets, but confirmed its target for the full year.
Net profit attributable to shareholders of 1.706 billion euros ($1.75 billion) in the three months through June compares with 2.225 billion euros a year earlier. The figure fell short of a 1.846 billion euro consensus forecast.
($1 = 0.9774 euros)
(Reporting by Tom Sims and Alexander Huebner, Editing by Miranda Murray)
