Turkey Turnaround for Allianz and Traditional Life Investment Margin Headwinds Persist
Allianz reported a very good set of fourth-quarter and full-year 2018 results. The division that has not performed that well within these results has been life and health, but that comes down quite specifically to one product line. The non-life division continues to really impress us, and management has delivered on its underwriting target. While the asset management results are mixed with base-line profitability up, there are encouraging signs for the business unit. We maintain our EUR 175 fair...
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