Allianz fourth quarter profit down 22 percent on U.S. tax hit, weak dollar


By Tom SimsMUNICH (Reuters) - The German insurer Allianz posted a 22 percent decline in net profit in the fourth quarter of 2017 after a U.S. tax overhaul, a weak U.S. dollar, other one-off costs and natural disasters weighed on earnings. The profit of 1.

43 billion euros ($1.79 billion) fell short of expectations. Analysts had forecast a net profit of 1.587 billion euros, according to a Reuters poll.For the full year, Allianz posted operating profit of 11.1 billion euros, in line with analysts' expectations of 11.04 billion and the company's.....

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