Yesterday, Europe's largest insurance group Allianz Insurance Group of Germany released the performance report shows that in 2007, the Group's total revenue from last year's 101.1 billion euros rose to 102.6 billion euros, operating profit increased to 10 billion euros from 10.9 billion euros, an increase of 9 percent, from 7 billion euros net income soared 13.5 percent to 80 billion euros.
The report said, although the second half of 2007 the financial market environment extremely challenging, the investment banking part of the business of credit by the impact of the crisis, but by 2006 natural disasters grade lower than perennial factors, the Allianz Group's total revenue, operating profit and net Receipts have increased over last year. Among them, life insurance and health insurance business operating profit hit a record 3 billion euros.
The report said, although the second half of 2007 the financial market environment extremely challenging, the investment banking part of the business of credit by the impact of the crisis, but by 2006 natural disasters grade lower than perennial factors, the Allianz Group's total revenue, operating profit and net Receipts have increased over last year. Among them, life insurance and health insurance business operating profit hit a record 3 billion euros.
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