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0825 GMT – Allianz’s operating profit beat compared with consensus is all the more impressive when considering it came in a quarter with above-average natural catastrophe losses, Jefferies analysts say in a research note. The analysts say they are pleasantly surprised by the German insurer’s 3Q result, adding that it needs EUR3.2 billion to meet the mid point of its operating profit guidance range for the full year, which now looks less challenging. Allianz shares trade 2.6% higher EUR228.25.([email protected])
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