Allianz Beats Q2 Profit Estimates with Help of PIMCO Bond Fund Unit

Article 0 Comments Allianz SE said strong growth across its businesses lifted second-quarter profit as Europe’s largest insurer keeps the market waiting on any acquisitions it will undertake. The gains help keep Allianz on track to meet its full-year earnings targets, Europe’s biggest insurer said in a statement on Friday. […]

Financial Markets’ Volatility Will Hit Allianz’ Fund Business, Warns Board Member

Article 0 Comments Recent volatility in financial markets will curb inflows this year into Allianz’ asset management business, which includes U.S. bond giant PIMCO, a board member told Reuters. In 2017, Allianz reeled in 150 billion euros ($175.25 billion) in net inflows, a record for a single year, lifting the […]