GERMANY - The Allianz Group has released its third quarter results, showing an increase in quarterly net income by over 20% to €1.92bn (US$2.8bn), with large gains as a result of positive trading in the asset management division.
The company, owner of bond brokers PIMCO, posted year to date net income of €7.3bn ($10.7bn), a rise of 29% over last year. Total third quarter revenues amounted to €23bn ($33.8bn), around €400m ($...
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