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Allianz 'on track' for 2012 target after €2.3bn profit in Q1

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Allianz Group achieved revenues of over €30bn in the first quarter of 2012, compared to €29.9bn in the first quarter of 2011, according to preliminary figures.

Operating profit at the German firm exceeded €2.3bn in the first quarter, up 40% on the €1.7bn in 2011.

Net income in the first quarter of 2012 topped €1.4bn, up nearly 60% from €915m over the same

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