Allianz SE generated a record operating result of 4.87 billion euros for the period from April to June, representing an increase of almost 11 percent. The company, which owns bond manager Pacific Investment Management Co. (Pimco), achieved these results driven by performance in its insurance and asset management businesses.
The operating result exceeded the 4.60 billion euro average that analysts had expected for the company.
However, Allianz SE's net profit of 2.60 billion euros fell short of the 2.84 billion euros expected by analysts.
Allianz SE is on track to achieve a new record result. For the full year, the company aims to reach an operating result between 16.4 and 18.4 billion euros.
32 billion euros
Inflows seen by Pimco
The operating results of all business areas are above the respective full-year targets.
