Allianz profit slumps 29% as COVID-19 drags down P&C result

German insurer Allianz said its half-year results were "robust" and "resilient" despite seeing a 29 percent decline in its profits, driven by the impact of COVID-19 crisis and severe financial market turmoil on the property/casualty business segment.

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Allianz, 2020 results, Insurance, Reinsurance, Property & Casualty, Coronavirus, Oliver Bäte, Jon Dye, Europe

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