Allianz sees increased profits in 2013 first quarter

Allianz S.E. said its net income for the first quarter of 2013 was €1.7 billion ($2.23 billion), compared with €1.4 billion ($1.87 billion) for the first three months of 1012.

The Munich-based multiline insurer said its operating profit for the first quarter of 2013 increased by 20% compared with the first quarter of 2012 to €2.3 billion ($3.02 billion).

“The improvement in our results comes from all our business segments,” said Michael Diekmann, CEO of Allianz, in a statement Tuesday.

Allianz will publish full results for the first quarter of 2013 on May 15.