Allianz posts nearly 6% growth in operating profit

German commercial insurer Allianz Global Corporate & Specialty SE’s operating profit increased 5.7% year-on-year to €14.2 billion ($15.2 billion), driven by improved performance of its property and casualty segment, Reinsurance News reported. Operating profit for the segment increased by 8.4% year-on-year to €6.2 billion. Total revenues increased 2.8% to €152.7 billion.