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Allianz Life posts third-quarter results

Standard & Poors also affirmed the companys AA rating.

By Noah Guillaume | Updated on November 26, 2012

Allianz Life Insurance Co. of North America posted operating profit of $559 million through the third quarter of 2012 compared to an operating profit of $379 million through the same period in 2011. One-off gains on the disposal of bonds contributed to the increase in operating profit, according to the company.

Total assets under management reached $103.3 billion by the end of September, representing a 12 percent increase from $92.4 billion from a year ago.

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