Allianz Reports 8.2% Decline In Q2 Net Profit

Allianz SE AZSEY reported an 8.2% drop in its Q2 net profit. Allianz reported its quarterly net profit at 1 billion euros ($1.4 billion). Allianz's total revenue declined 3.2% at 24.6 billion euros. Its operating profit came in at 2.3 billion euros. However, analysts were expecting an operating profit of 2.14 billion euros on revenue of 24.9 billion euros. Allianz shares dipped 7.86% to close at $11.25 yesterday.