By Max Bernhard

Allianz SE (ALV.XE) said Friday that third-quarter net profit edged higher and that it now expects full-year operating profit to be in the upper half of its target range.

The German insurer said net profit rose 0.6% to 1.95 billion euros ($2.16 billion) from EUR1.94 billion a year earlier. Revenue rose by 8.1% to EUR33.4 billion, while operating profit edged 0.1% lower to EUR2.98 billion.

Allianz said it now sees 2019 operating profit in the upper half of its target range of between EUR11 billion and EUR12 billion.

Write to Max Bernhard at max.bernhard@dowjones.com; @mxbernhard

(END) Dow Jones Newswires

November 08, 2019 01:29 ET (06:29 GMT)

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