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Allianz P&C business reports steady Q4

17 February 2017

Allianz Group reported a steady fourth quarter for its property and casualty (P&C) segment, with revenue slightly up at EUR11.2bn, a 2.4 percent increase on the prior-year period.

Full year revenue was down slightly, by 0.1 percent at EUR51.5bn.

The P&C business returned a EUR4.42bn operating profit in Q4, up 16.4 percent on the same period in 2015. The full year result was down 4.2 percent on 2015, at EUR5.37bn.

The fourth quarter combined ratio for P&C business also improved...

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