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Non-Tech : Allianz AG (AZ)
AZ 6.335-9.4%3:52 PM EST

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From: JakeStraw5/3/2006 8:07:26 AM
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"...insurer Allianz (AZ), said first-quarter profit rose 38% to 1.8 billion euros ($2.3 billion), with operating profit jumping 42% to 2.7 billion euros. Analysts polled by AFX News were looking for a profit of 1.27 billion euros.

Revenue rose 5% to "roughly" 30 billion euros.

Allianz didn't go into much detail -- it's saving further information for next week -- but it said with benign capital markets, it's already made a "major portion" in the first quarter of the capital gains target it set for all of 2006."

marketwatch.com
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