Allianz Profit Hits Record as Pimco Sees €32 Billion in Inflows

Allianz SE reported second-quarter net profit of €3.0 billion, exceeding its prior-year result, driven by gains in its insurance and asset management divisions. Pacific Investment Management Co., the bond manager owned by Allianz, received €32 billion in net inflows during the period. The company attributed the results to improved underwriting performance and higher investment gains across its operating segments.

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