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Allianz Profit Rises As Pimco Clients Adds €32 Billion
Posted
May 15, 2024
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3:12Now PlayingAllianz SE reported higher profit for the first quarter amid inflows at its bond manager Pacific Investment Management Co. Group operating profit climbed 6.8% to €3.99 billion ($4.3 billion), driven by better-than-expected results in property-casualty insurance, Allianz said Wednesday. Meanwhile, Pimco attracted €32.4 billion from outside clients, the best quarter in about six years as the Chief Financial Officer, Claire-Marie Coste-Lepoutre explains.
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