Allianz posts better-than-expected Q2 profit and confirms target

Germany's Allianz ALV on Thursday posted a better-than-expected 13% rise in second-quarter net profit and confirmed its target for the full year.

Net profit attributable to shareholders of 2.841 billion euros ($3.32 billion) in the three months through June compares with profit of 2.513 billion euros a year earlier.

The figure surpassed a 2.756 billion euro consensus forecast.

($1 = 0.8566 euros)