Allianz posts surprise 6% rise in third-quarter net profit

FRANKFURT (Reuters) – German insurer Allianz on Friday posted an unexpected 6% rise in net profit in the third quarter from a year earlier, despite pressure on business from the coronavirus pandemic.

Net profit attributable to shareholders of 2.063 billion euros ($2.44 billion) in the three months through September compares with 1.947 billion euros a year earlier. It was higher than a 1.626 billion euro consensus forecast.

($1 = 0.8464 euros)

(Reporting by Tom Sims; editing by Thomas Seythal)