Financial Times reported quickly yesterday that Allianz, the German financial services provider and insurance conglomerate, is expected to post its worst-ever quarterly results on Thursday. According to the report, analysts are saying that the company's after tax loss will be up to 2 billion Euros for the third quarter, meaning that the company will be awash in red ink for the first nine months of 2002. This compares to a six month profit of 1.57 billion. Allianz is now expected to record a deficit. Source: Financial Times
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