“Allianz Profit Beats as Pimco Sees $10 Billion of Inflows”
November 20, 2023
“Allianz SE reported a third-quarter profit that beat analysts’ estimates as its giant bond manager Pacific Investment Management Co. continued to attract new money.
Group operating profit fell 15% to €3.47 billion ($3.7 billion), better than the €3.26 billion analysts had expected. Pimco attracted €10 billion from outside clients in the three months through September, the third straight quarter of inflows.
The company confirmed its full-year target of around €14.2 billion in profit, even as its insurance business is facing headwinds from natural catastrophe claims…”
https://finance.yahoo.com/news/allianz-profit-beats-estimates-pimco-072546361.html