Industrial & Commercial Bank

Allianz SE Loses Profits, as PIMCO Helps Unit Double Earnings

By Janet Levaux, AdvisorOne | August 6, 2010

The European insurer's North American life insurance unit says premiums were "ahead of expectations."
Allianz SE Loses Profits as PIMCO Helps Unit Double Earnings

By Janet Levaux, AdvisorOne | August 6, 2010

Allianz SE (AZSEY), Europe's largest insurer, said its second-quarter profits fell nearly 50%, largely due to the sale of shares in Industrial & Commercial Bank of China and a write-down in its investment in Hartford Financial Services Group Inc.

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