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August 02, 2013 05:06 PM (EDT)

European Floods Didn't Dampen Allianz Second Quarter Net as It Rises 27%

Allianz Group posted a 26.8% increase in second-quarter net income, despite paying 730 million euros ($968.6 million) to more than 50,000 policyholders impacted by Central European floods. . . .

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