Allianz blames floods, low car sales and crisis tax for 87% drop in profits
Allianz has reported that gross premiums written in its central and Eastern European property and casualty business exceeded the Euros 2bn in the first nine monsths of 2010.
Adjusted for currency effects, premiums decreased by 5 percent. Operating profit in CEE decreased by 87 percent in the first three quarters of this year to Euros 21m.
Allianz added its operating
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