February 28, 2013 / 9:12 AM / in 5 years

Allianz Germany eyes operating profit drop in 2013

UNTERFOEHRING, Germany, Feb 28 (Reuters) - Allianz’s Germany unit Allianz Deutschland said it expects operating profit this year will be lower than the 2.11 billion euros ($2.77 billion) it earned in 2012.

Revenue this year should remain at around the level of 2012, which was 27.9 billion euros, Allianz Deutschland said. ($1 = 0.7628 euros) (Reporting by Alexander Huebner, writing by Jonathan Gould)

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