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China Daily | Updated: 2009-11-10 09:09

Allianz Q3 profits rise

German insurer Allianz SE said its third quarter net profit increased sharply on higher revenue from a loss a year ago. Allianz, based in Munich, said net income rose to 1.32 billion euros ($1.96 billion) from a loss of 2 billion euros in the third quarter a year ago. Revenue in the July-September period rose 4.3 percent to more than 22 billion euros from 21.1 billion euros in the third quarter a year ago.

Advanta hit by crunch

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