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Article: Property insurance helps lift AGF profitEARNINGSMARKETPLACE by Bloomberg
- Article from:
- International Herald Tribune
- Article date:
- February 21, 2007
- Author:
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Albertina Torsoli
International Herald Tribune
02-21-2007
Assurances Generales de France, a unit of Allianz, which is based in Munich, posted an 18 percent gain in full-year profit on higher earnings from casualty and property insurance in France. Net income climbed to 1.9 billion, or $2.5 billion, compared with 1.6 billion a year earlier, AGF said. Allianz, which owns 58 percent of AGF, last month offered 9.8 billion, or 126.43 a share in cash and stock, to buy the rest of the carrier. Deminor, a shareholder advocacy ...