Allianz reports increase in net of 30% for 1998

Article Abstract:

Allianz AG's net income rose 30% to 3.5 billion marks ($1.97 billion) in 1998, while premium income climbed 19%. Allianz will not post final numbers until May, but preliminary figures show 1998 earnings per share jumped 23% to 14.50 marks, from 11.75 marks in 1997. Profit before tax and goodwill rose 26% to 8.3 billion marks, from 6.6 billion marks. Allianz expects net profits to rise at least 10% this year and premium income to climb 8.8% to 98 billlion marks.

Sales, profits & dividends, Finance

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Allianz, Pimco seen surviving review in U.S

Article Abstract:

Analysts do not expect California insurance commissioner Chuck Quackenbush's efforts to subject Allianz AG's possible bid for Pimco Advisors Holdings to rigorous scurity to scuttle the deal. Quackenbush has urged governor Gray Davis to rigorously review the deal, due to Allianz's alleged poor performance in meeting Holocaust victims' claims. Pimco is a Newport, CA-based asset management firm.

Asset sales & divestitures, Acquisitions & mergers, California, Investment Advisory Services, Investment Advice, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Insurance Regulation ex Auto-State, Statistical Data Included, Mergers, acquisitions and divestments, Financial services industry, Financial services, Political activity, Investment advisers, Insurance law, Quackenbush, Charles W., PIMCO Advisors Holdings L.P.

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Allianz is likely to soon list in U.S

Article Abstract:

Allianz AG is expected to list its shares within the next few weeks in the US on the New York Stock Exchange. The company is expected to win approval for a public listing by the US Securities and Exchange Commission.

Securities issued, listed, Securities

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