May 15, 2018 / 5:10 AM / 9 days ago

Allianz Q1 profit up 6.8 percent, better than expected

BERLIN, May 15 (Reuters) - The German insurer Allianz posted a 6.8 percent rise in first quarter net profit and said it was on track to meet its 2018 performance targets.

Net profit of 1.939 billion euros ($2.31 billion) was better than the 1.787 billion euros forecast by analysts in a Reuters poll and above the 1.816 billion euros earned during the same period last year. ($1 = 0.8393 euros) (Reporting by Tom Sims Editing by Edward Taylor)

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