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Allianz’s Asia business reports operating profit of $403 million


Germany-based insurer Allianz SE's Asian business has reported a 18% year-on-year increase in operating profit to €370 million ($402.9 million) in the first half of this year, Asia Insurance Review reported. The property and casualty segment’s operating profit increased by 5% year-on-year to €71 million. Total revenues increased by 19% year-on-year to €937 million, driven mainly by strong growth in Singapore, China, and Thailand.

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