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Allianz: 2019 net profit rises to 7.9 bn, up 6.1%

(ANSA) - ROME, FEBRUARY 21 - The German insurance group Allianz ended the fiscal year 2019 with an increase in the net profit attributable to shareholders of 7.9 bn euros (up 6.1%). The press release on the accounts reported. Operating profit grew to 11.9 bn, "the fifth consecutive increase". In the fourth quarter alone, net profit rose to 1.9 billion (up 9.5%). The board of directors proposed a dividend up to € 9.6 per share and announced a share buyback program of up to € 1.5 billion. Allianz expects an operating profit target of 12 bn euros in 2020 (up 4.3% compared with previous estimates). (ANSA).