Allianz beats Q4 consensus with improved P&C UW result and books €3.7bn Structured Alpha provision

Allianz has reported an analyst consensus-beating operating profit of €3.5bn ($4bn) for the fourth quarter largely driven by a higher property casualty (P&C) underwriting result, while the German insurance giant has booked a one-time pre-tax €3.7bn provision for expected settlements related to the Structured Alpha fund probe.