(Bloomberg) -- Allianz SE, Europe's biggest insurer, said first-quarter profit surged 80 percent, boosted by gains from the sale of shareholdings in Germany.
Net income climbed to 3.2 billion euros ($4.35 billion) from 1.78 billion euros in the year-ago period, Munich-based Allianz said in a statement distributed by the DGAP newswire today. That beat the 2.4 billion-euro median estimate of 16 analysts surveyed by Bloomberg via telephone and e-mail.
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